Finish Line's Stock Surges After Profit, Sales Beat Forecasts

Finish Line Inc.'s stock surged 5.6% in premarket trade Friday, after the athletic shoe and apparel retailer reported fiscal first-quarter profit and sales that beat expectations. For the quarter ended May 39, earnings rose to $13.8 million, or 30 cents a share, from $12.4 million, or 25 cents a share, in the same period a year ago. That beat the FactSet consensus of 24 cents a share. Revenue rose 9.1% to $443.4 million, while same-store sales increased 5.5%, beating the FactSet consensus of $430 million and 2.1%, respectively. Looking ahead, the company still expects full fiscal year EPS to grow in the low single-to-mid single-digit percentage range. The stock has climbed 11% year to date through Thursday, compared with a 2.1% gain for the S&P 500.