Why The Finish Line, Inc. Stock Popped Today

Shares of The Finish Line Inc. (NASDAQ: FINL) jumped as much as 11.7% in Friday's early trading, then settled to a 4% gain as of 2:00 p.m. EDT, after the footwear retailer announced better-than-expected fiscal second-quarter 2018 earnings.

The Finish Line confirmed that revenue for the quarter fell 3.3% year over year to $469.4 million, including a 4.5% decline in comparable-store sales. On the bottom line, that translated to adjusted earnings from continuing operations of $4.8 million, or $0.12 per share. These results compared favorably to The Finish Line's preliminary release late last month, when it told investors to expect roughly the same revenue and earnings per share in the range of $0.08 to $0.12.

Image source: The Finish Line.

Source: Fool.com