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Foot Locker Inc. on Friday reported quarterly results that came in above Wall Street’s expectations. Fourth-quarter net earnings at the athletic-products retailer rose to $158 million, or $1.14 a share, from $146 million, or $1.01 a share, a year earlier. Adjusted earnings for the most recent period were $1.16 a share. Sales rose to $2.007 billion from $1.91 billion. Analysts polled by FactSet had expected adjusted earnings of $1.12 a share on sales of $2.006 billion. Same-store sales for the quarter were higher by 7.9%. Foot Locker shares pushed higher by 4.4% in premarket trade following the results.

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Sotheby’s reported Friday a fourth-quarter loss of $11.2 million, or 17 cents a share, compared with a profit of $74 million, or $1.06 a share, in the same period a year ago. Excluding non-recurring items, such as a one-time tax charge for the planned repatriation of foreign earnings, adjusted earnings per share came to $1.19, above the FactSet consensus of $1.05. Revenue fell to $335.8 million from $351.2 million, but beat the FactSet consensus of $331.1 million, helped by a less-than-expected decline in agency commission and fees. “We will likely have one or more difficult quarters as we ride through the current cycle, but we are being careful on guarantees and capital commitments, watching our liquidity carefully, continuing to invest in the people and capabilities that will drive our future success, and taking the opportunity with our excess cash to repurchase shares,” said CHief Executive Tad Smith. The stock, which was still inactive in premarket trade, has tumbled 45% over the past year, while the S&P 500 has lost 7.5%.

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Sotheby’s reported Friday a fourth-quarter loss of $11.2 million, or 17 cents a share, compared with a profit of $74 million, or $1.06 a share, in the same period a year ago. Excluding non-recurring items, such as a one-time tax charge for the planned repatriation of foreign earnings, adjusted earnings per share came to $1.19, above the FactSet consensus of $1.05. Revenue fell to $335.8 million from $351.2 million, but beat the FactSet consensus of $331.1 million, helped by a less-than-expected decline in agency commission and fees. “We will likely have one or more difficult quarters as we ride through the current cycle, but we are being careful on guarantees and capital commitments, watching our liquidity carefully, continuing to invest in the people and capabilities that will drive our future success, and taking the opportunity with our excess cash to repurchase shares,” said CHief Executive Tad Smith. The stock, which was still inactive in premarket trade, has tumbled 45% over the past year, while the S&P 500 has lost 7.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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A mass shooting in Kansas has left four people dead and 18 wounded, according to authorities. The Associated Press reported “a number of crime scenes” in a series of shootings in and around an Excel Industries plant in Hesston, Kansas. Excel makes riding lawn mowers in the small town north of Wichita. Law enforcement officials said the gunman was shot and killed by police, and was an employee of Excel. Harvey County Sheriff T. Walton said at a news conference the suspect, who has not been identified, killed three people, and at one point was shooting at people as he drove in his car. “Apparently right now it all looks random,” Walton said.

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A mass shooting in Kansas has left up to four people dead and as many as 20 wounded, according to reports. The Associated Press reports “a number of crime scenes” in a series of shootings, including at an Excel Industries plant in Hesston, Kansas. Law enforcement officials said the gunman was shot and killed by police, and was an employee of Excel. Harvey County Sheriff T. Walton said at a news conference that “as many” as three to four people were killed, including the suspect.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News