Foot Locker Q4 earnings beat estimates: stock is still losing

Foot Locker Inc (NYSE: FL) is down about 8.0% in premarket on Wednesday even though it posted an upbeat Q4 earnings report.Copy link to sectionInvestors are concerned because $FL disappointed in terms of profit guidance. The footwear retail stores company now forecasts its per-share earnings to fall between $1.50 and $1.70 this year. Analysts, in comparison, were at $1.86 a share. Plus, Mike Baughn – chief financial officer of Foot Locker said in the earnings press release today:Given our lower starting po ...