Top 5 Railroad Companies For 2015: The Finish Line Inc.(FINL)
The Finish Line, Inc., together with its subsidiaries, operates as a mall-based specialty retailer in the United States. It operates Finish Line stores that offer performance and athletic casual footwear, apparel, and accessories for men, women, and kids. The company also sells merchandise through its Web site, finishline.com. As of September 22, 2011, it operated 646 stores in the United States. The company was founded in 1976 and is headquartered in Indianapolis, Indiana.
Advisors' Opinion:- [By Monica Gerson]
Shares of The Finish Line (NASDAQ: FINL) tumbled 14.62% on Friday after the company reported weaker-than-expected fiscal second-quarter earnings. Finish Line shares surged 1.08% to $25.38 in the after-hours trading session.
- [By Johanna Bennett]
Finish Line (FINL) tripped and fell hard today. The mall-based sneaker retailer suffered its biggest one-day plunge in more than two years when second-quarter sales were crushed by poor demand for basketball shoes.
At 54 cents a share, second-quarter earnings missed the 60 cents a share forecast by analysts. Sales were $466.9 million in the period, which ended Aug. 30. That missed a prediction of $477.7 million.
The shares dropped 13.3% to $25.49 in late morning market action after earlier falling as low as $25.14.
It's been a rough week for the footwear market. Finish Line's results added to fear fueled earlier this week when Skechers (SKX) dropped almost 10% after analysts suggested that sales were slowing.
Nike (NKE), however, had a bang up quarter, beating expectations.
- [By Mike Deane]
Before the opening bell on Friday morning, Finish Line Inc. (FINL) reported its second quarter earnings, posting higher revenues and flat earnings compared to last year’s Q2 res! ults.
FINL’s Earnings in Brief
Finish Line reported second quarter revenues of $466.88 million, up from last year’s Q2 revenues of $436.03 million. Net income for the quarter came in at $26.16 million, or 54 cents per diluted share, which is essentially flat with last year’s Q2 figures of $26.5 million, or 54 cents per share. FINL’s Q2 results missed analysts’ estimates of 60 cents EPS on revenues of $477.61 million. For FY2015, Finish Line expects comparable store sales to be up mid single digits and earnings per share to increase in the high single to low double digit range.CEO Commentary
FINL chairman and CEO Glenn Lyon had the following comments: "Our second quarter results fell short of our expectations due to softness within elements of our basketball offering while our running business was up mid single digits driven by casual and performance styles. We are confident that we can reaccelerate sales trends in basketball by working closely with our brand partners to improve our assortments. In combination with our market leadership position in running, advanced omnichannel capabilities and growing business relationship with Macy's, this will fuel sustainable sales and earnings growth over the long-term."
FINL’s Dividend
Finish Line most recently paid a dividend on September 15. We expect the company to declare its next quarterly dividend of 8 cents in the coming month.
Stock Performance
FINL stock was down $2.41, or 8.19%, in pre-market trading. YTD, the stock is up 4.48%.
FINL Dividend SnapshotAs of Market Close on September 25, 2014
Click here to see the complete history of FINL dividends.
- [By Garrett Cook]
Shares of Finish Line (NASDAQ: FINL) were down 12.51 percent to $25.73 after the company reported downbeat second-quarter results.
Powell Industries (NASDAQ: POWL) shares tumbled 8.93 percent to $45.28 after the company lowered its ! FY14 outl! ook.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-railroad-companies-for-2015-3.html
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