Tony Khan Buys TrueMedia Networks CDI's '14 Net Income Down 16% From '13 Nike Signs Mariota To Endorsement Deal Carlyle Group Buying PrimeSport From Clearlake Puma Misses Q4 Earnings Estimates WWE Posts Big Revenue Gains In Q4 Stats LLC Acquires Automated Insights Under Armour Tops $3B In Revenue For First Time Disney's Cable Division Income Hurt By ESPN WWE's Stock Shoots Up After OTT Announcement
Upcoming Conferences and Events
Finish Line Post Another Impressive Earnings Report
Published January 5, 2005
Indianapolis-based Finish Line Inc. posted Q3 earnings of $2.33M, up from $2.15M in the year-ago period, according to Madhusmita Bora of the INDIANAPOLIS STAR, who notes the $0.05 per share profit missed Wall Street’s $0.06 estimate. Net sales increased 16% to $235.3M from $202M in the same period last year. The earnings report includes the $1.2M that Finish Line received from a tornado insurance settlement last year. If the insurance adjustment is excluded, the company “shows a same-store earnings gain” of 67% for Q3. Hilliard Lyons analyst Jim Lykins attributed the strong Q3 earnings to Finish Line’s footwear and “exclusivity with Nike products.” In addition, comparable-store sales for the five-week holiday period ending January 1 also increased 9% (INDIANAPOLIS STAR, 1/5).