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NEW YORK (AP) — NEW YORK (AP) — Foot Locker Inc. (FL) on Wednesday reported a loss of $389 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $4.13. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The shoe store posted revenue of $2.38 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $2.29 billion.
For the year, the company reported a loss of $330 million, or $3.51 per share. Revenue was reported as $8.17 billion.
Foot Locker expects full-year earnings in the range of $1.50 to $1.70 per share.
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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 FL at https://www.zacks.com/ap/FL