NEW YORK (AP) — NEW YORK (AP) — Foot Locker Inc. (FL) on Wednesday reported a loss of $38 million in its fiscal second quarter.
On a per-share basis, the New York-based company said it had a loss of 39 cents. Losses, adjusted for one-time gains and costs, were 27 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The shoe store posted revenue of $1.86 billion in the period, which met Street forecasts.
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