NEW YORK (AP) — NEW YORK (AP) — Foot Locker Inc. (FL) on Thursday reported a loss of $363 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of $3.81. Losses, adjusted for one-time gains and costs, came to 7 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The shoe store posted revenue of $1.79 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.83 billion.
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