Earnings and Sales Still Growing
Foot Locker earned $0.38 a share in the second quarter, beating the $0.33 consensus estimate. Sales were $1.37 billion, about $20 million better than analysts had expected. It was the tenth straight quarter of growth at the footwear company. FL runs higher by 5 percent before the bell on my tradeMONSTER platform.
Aeropostale Drops on Revenue Miss
Aeropostale's sales barely grew, inching up just 4 percent to $485.3 million. That was less than the $490.11 forecast by analysts. The retailer also guided below the Street for the third quarter. ARO drops 6 percent in the premarket.
Marvell Misses the Mark
Marvell Technology Group earned $0.24 a share in the second quarter on revenue of $816 million. Analysts had expected $0.26 and $852.7 million, respectively. MRVL falls 9 percent in early trading.
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