Finish Line tops 1Q earnings and revenue expectations

MarketsAssociated Press

The Finish Line Inc. (FINL) on Friday reported fiscal first-quarter profit of $13.8 million.

The Indianapolis-based company said it had net income of 30 cents per share.

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The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The shoe store posted revenue of $443.4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $432.4 million.

Finish Line expects full-year earnings to be $1.67 per share.

Finish Line shares have increased 11 percent since the beginning of the year. The stock has declined nearly 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FINL at http://www.zacks.com/ap/FINL

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Keywords: Finish Line, Earnings Report