Why Foot Locker (FL) Stock Is Up Today

NEW YORK (TheStreet) -- Foot Locker (FL) stock is gaining Friday after the company reported better-than-expected revenue and earnings in its first quarter. 

By market open, shares had added 2.4% to $49.30. 

Over the three months to April, the company earned $1.11 a share, a nickel higher than analysts surveyed by Thomson Reuters expected. Revenue of $1.87 billion exceeded estimates of $1.79 billion. 

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TheStreet Ratings team rates FOOT LOCKER INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate FOOT LOCKER INC (FL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."

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