Foot Locker: Fiscal 2nd quarter earnings snapshot

NEW YORK — Foot Locker Inc. today reported fiscal second-quarter profit of $45 million.

The company said it had net income of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 71 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The shoe store posted revenue of $2.08 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $2.07 billion.

Foot Locker shares have dropped 30% since the beginning of the year. The stock has dropped 31% in the past 12 months.