Foot Locker Inc. (FL: Quote) reported fourth quarter adjusted net income of $0.73 per share Friday morning, up from $0.55 per share last year. The consensus estimate was for EPS of $0.73. Full year 2013 adjusted EPS is expected to be $2.47. The consensus estimate is for EPS of $2.84.
Foot Locker gapped open sharply lower Friday and is now down 1.95 at $33.36. The stock has fallen to a week and a half low and has dropped below both its 50 and 200-day moving averages.
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by RTT Staff Writer
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