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Why Finish Line Inc (FINL) Stock Is Soaring Today

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Finish Line Inc ( FINL ) stock was up today following its earnings report for fiscal Q1 2017.

Finish Line reported earnings per share of 23 cents for the quarter. This is down from the 30 cents per share it reported during the same time last year, but it was one penny above what analysts were expecting.

Revenue reported by Finish Line for fiscal Q1 2017 came in at $453 million, which is up from the $443 million reported in the fiscal first quarter of 2016. It also came in well above the $449 million expected by Wall Street.

Finish Line is expecting EPS for fiscal 2017 to be between $1.50 and $1.56. Analysts are expecting EPS for the year to be $1.54. The company also said it expects same-store sales to increase by 3% to 5% for fiscal 2017.

FINL shares were up 19% as of Friday morning.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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