Finish Line Earnings: Here’s Why Investors are Crushing Shares
Finish Line Inc. (NASDAQ:FINL) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 8.93%.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now.
Finish Line Inc. Earnings Cheat Sheet
Results: Net income fell to $0 (0 cent per diluted share) in the quarter versus a gain of 0.11 in the year-earlier quarter.
Revenue: Decreased 34.99% to $296.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Finish Line Inc. reported adjusted net income of 0.0 cents per share. By that measure, the company missed the mean analyst estimate of $0.10. It beat the average revenue estimate of $296.09 million.