Foot Locker shares soar 18.5% premarket after blowout earnings

Foot Locker Inc. shares FL, +0.25% soared 18.5% in premarket trade Friday, after the sporting goods and apparel retailer blew past earnings estimates for its fiscal fourth quarter. New York-based Foot Locker said it had net income of $158 million, or $1.39 a share, in the quarter to Feb. 2, after a loss of $49 million, or 40 cents a share, in the year-earlier quarter, when it booked charges including a tax charge. Adjusted per-share earnings came to $1.56, well ahead of the $1.

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