NEW YORK — Foot Locker Inc. today reported fiscal third-quarter profit of $158 million.
The company said it had profit of $1.52 per share. Earnings, adjusted for asset impairment costs, were $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The shoe store posted revenue of $2.19 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.14 billion.