NEW YORK (TheStreet) -- Finish Line (FINL) shares are decreasing 0.48% to $24.65 in pre-market trading on Friday after the retailer earlier this morning reported its fiscal 2016 second quarter earnings results. While earnings were in line, revenue missed analysts' estimates.
For the latest quarter ended August 29, the company earned 57 cents a share on revenue of $483.2 million.
Analysts had expected the company to earn 57 cents a share on revenue of $490.8 million, according to analysts surveyed by Thomson Reuters.
In the same period the previous year, the company earned 54 cents a share on revenue of $466.88 million.
Lower mall traffic is one reason that's putting some pressure on the company's results in recent quarters.
However, the company's same-store sales grew 1.5% year-over-year.
"We are pleased with the bottom line performance we achieved on modest sales growth," CEO Glenn Lyon stated.
Separately, TheStreet Ratings team rates FINISH LINE INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate FINISH LINE INC (FINL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: FINL