Services - Thursday, December 24, 2009 19:28 - 0 Comments

Finish Line Inc. FINL Last Trading Session 11.10

Finish Line leapt higher a day after the company said it swung to a profit in its third quarter. Throughout the period, the sneaker retailer earned $6.6 million, or 12 cents a share, compared with a loss of $8.8 million, or 16 cents a share, in the year-ago quarter.

Outcome was boosted by a one-time tax gain of $6.5 million related to the termination of its plans to buy Genesco. Excluding this and other items, Finish Line broke event, thrashing the consensus analyst forecast of a 9-cent loss.

Last Trade: 11.10
Trade Time: Dec 24
Prev Close: 11.10
Open: N/A
Day’s Range: N/A – N/A
52wk Range: 3.77 – 11.72
Volume: 0
Avg Vol (3m): 509,180
Market Cap: 612.58M

About Finish Line Inc.

The Finish Line, Inc., together with its subsidiaries, is a mall-based specialty retailer in the United States. The Company operates under the Finish Line brand name. Finish Line is a mall-based specialty retailer of brand name athletic, lifestyle and outdoor footwear, and softgoods in the United States. As of April 17, 2009, the Company operated 687 Finish Line stores in 47 states. A Finish Line store generally carries a selection of men’s, women’s and children’s athletic and lifestyle shoes, as well as an assortment of softgoods. Brand names offered by Finish Line include Nike, adidas, Puma, New Balance, Asics, Converse, Lacoste, K-Swiss, Reebok, Under Armour and many others. Finish Line stores average 5,437 square feet. On June 22, 2009, the Company announced plans to exit the Man Alive business. On July 2009, it closed its transaction with Man Alive Acquisitions, LLC (MA).