Foot Locker profit rises by 61% to $106 million

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Foot Locker profit rises by 61% to $106 million
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Foot Locker Inc. said Friday its third-quarter profit rose to $106 million, or 69 cents a share, from $66 million, or 43 cents a share, in the year-ago period. Adjusted profit in the latest quarter totaled 63 cents a share. The retailer's revenue climbed 9% to $1.52 billion from $1.39 billion. Wall Street analysts expected Foot Locker to earn 54 cents a share on revenue of $1.5 billion, according to a survey by FactSet. Shares of Foot Locker jumped 6% in premarket trades.