Foot Locker, Inc. (FL Quick QuoteFL - Free Report) , a leading specialty athletic retailer, released second-quarter fiscal 2017 results, wherein earnings of 62 cents per share lagged the Zacks Consensus Estimate of 90 cents.

Earnings Estimate Revisions: The Zacks Consensus Estimate for fiscal 2017 has moved down by 3 cents in the last seven days. However, Foot Locker’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average beat of 2.1%.

Revenues: Foot Locker generated total sales of $1,701 million that decreased 4.4% year over year and also came below the Zacks Consensus Estimate of $1,813 million. On a currency-neutral basis, revenues fell 4.3%. Further, comparable-store sales dropped 6% in the quarter.

Zacks Rank: Currently, Foot Locker carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stock Movement: Following dismal second-quarter earnings release, Foot Locker’s shares are down nearly 18.6% during pre-market trading hours.

Check back later for our full write up on Foot Locker’s earnings report!

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