Foot Locker stock is witnessing heavy selling pressure on Friday’s trading session after Foot Locker Inc. (NYSE:FL) reported lower than estimated first-quarter earnings and lowered their earnings forecast.
Foot Locker Stock Results Miss Analysts’ TargetAmerican footwear and sports apparel brand Foot Locker seems to be in a downward spiral because of its Q1 2019 earnings report, released May 24, 2019. In a development that would come as a bit of a shock to Foot Locker stock investors, the company failed to beat analysts’ estimates on both profits and revenues.
During the latest quarter, ...
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