Foot Locker's profit soared 12% this quarter -- and its stock is popping

Foot Locker reported fourth-quarter earnings that beat analysts’ expectations on Friday, and its stock is up 7.80% at $US73.93 a share.

The company reported earnings of $US182 million, or $US1.37 per share, up from $US162 million, or $US1.16 per share, in the fourth quarter of the previous year. This beat Wall Street’s expectations of $US1.32 per share, according figures compiled by Thomson Reuters.

The company also said that revenue for the fourth quarter rose 5.0% to $US2.11 billion, up from $US2.01 billion last year.

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