Finish Line posts Q1 profit, shares up in pre-market
The Finish Line, Inc. (Nasdaq:FINL) was up 10.8% in pre-market trading Friday after the company’s late Thursday report of profitable first-quarter earnings. The athletic apparel retailer reported a profit of $0.02 per share for the quarter ended in May versus a loss of $0.08 per share for the same quarter a year ago. The company said sales improved late in the quarter while inventory fell 8% compared with the same period in the prior year. Shares of Finish Line were at $7.75 before the bell Friday, up about $0.76 from Thursday’s close.
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