Earnings

Finish Line Inc (NASDAQ:FINL) down in the pre-market after Q2 results fall short of estimates

Finish Line Inc (NASDAQ:FINL) shares fell more than 4 percent in the pre-market session on Friday after the company posted lower-than-expected earnings and revenue for the second quarter.

The athletic shoe and apparel retailer reported net income of $2.8 million, or 7 cents per share in the latest quarter, well below $22.1 million, or 53 cents per share in the year-earlier quarter. On an adjusted basis, the company earned 12 cents per share, falling short of 14 cents per share estimated by analysts.

Revenue for the quarter came in at $469.4 million, down from $485.2 million in the same period last year. Analysts surveyed by FactSet were looking for revenue of $470.5 million.

FINL shares haven’t performed well in the recent past, as the stock plummeted nearly 60 percent over the past year. The stock fell more than 50 percent so far this year, and over 26 percent over the past 3 months. The company has a market cap of $370.15 million and P/E ratio of 11.27.

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