What Foot Locker's Earnings Mean for Mutual Fund Investors (FL)

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What Foot Locker's Earnings Mean for Mutual Fund Investors (FL)

Foot Locker image
Foot Locker released its third quarter financial results on Friday morning, posting higher earnings and revenue, which came in above analysts’ estimates.

Inside FL’s Q3 Results

Earnings

The company reported earnings of $120 million, or 82 cents per share, up from $104 million, or 70 cents per share, in the same quarter a year ago. On average, analysts expected to see earnings of 76 cents per share.

Revenue
Revenue rose to $1.73 billion from $1.62 billion last year. Analysts expected to see revenue of $1.72 billion.

Mutual Funds to Watch

For investors seeking exposure to Foot Locker (FL) without purchasing the individual stock, the mutual funds below may be considered. The three funds mentioned currently have the largest stake in the company.

The Bottom Line

The three mutual funds mentioned above allow investors to be exposed to a diverse bundle of stocks in a number of industries. Although there are a number of holdings in these funds, significant events such as earnings releases are very important for investors to be aware of. Investors that are considering Foot Locker may also be interested in Nike (NKE), Finish Line (FINL) and Under Armour (UA).

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Foot Locker image

What Foot Locker's Earnings Mean for Mutual Fund Investors (FL)

Foot Locker released its third quarter financial results on Friday morning, posting higher earnings and revenue, which came in above analysts’ estimates.

Inside FL’s Q3 Results

Earnings

The company reported earnings of $120 million, or 82 cents per share, up from $104 million, or 70 cents per share, in the same quarter a year ago. On average, analysts expected to see earnings of 76 cents per share.

Revenue
Revenue rose to $1.73 billion from $1.62 billion last year. Analysts expected to see revenue of $1.72 billion.

Mutual Funds to Watch

For investors seeking exposure to Foot Locker (FL) without purchasing the individual stock, the mutual funds below may be considered. The three funds mentioned currently have the largest stake in the company.

The Bottom Line

The three mutual funds mentioned above allow investors to be exposed to a diverse bundle of stocks in a number of industries. Although there are a number of holdings in these funds, significant events such as earnings releases are very important for investors to be aware of. Investors that are considering Foot Locker may also be interested in Nike (NKE), Finish Line (FINL) and Under Armour (UA).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next