Footlocker Jumps on Second-Quarter Earnings Beat

Among the standouts that reported since last night, Foot Locker (FL) - Get Report saw its shares trading higher before the opening bell after the footwear retailer booked better-than-expected second-quarter earnings this morning. The New York-based company reported earnings of $0.94 per share that topped consensus expectations by $0.04, while sales of $1.78 billion beat forecasts of $1.76 billion. CEO Richard Johnson attributed the company's success on the quarter to comparable sales growth, which grew about 4.7% for the period. "Within the second quarter, we drove comparable sales gains across basketball, running, and classic footwear, as well as apparel," he said in a statement. Foot Locker shares are down about 17% over the past 12 months.

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