Foot Locker Might Miss Some Forecasts

Foot Locker Inc. said profit this quarter may not meet some analysts’ forecasts.

Fiscal fourth-quarter profit will be 25 cents to 30 cents a share, the company said. Analysts’ estimates range from 27 cents to 31 cents.

Shares of New York-based Foot Locker, which operates the Foot Locker, Lady Foot Locker and Champs Sports stores, fell 37 cents to $16.08 on the NYSE. Full-year earnings will be 95 cents to $1 a share, Foot Locker said. Analysts’ average estimate is $1.

Net income in the third quarter ended Nov. 3 rose 32% to $33 million, or 23 cents a share, from $25 million, or 18 cents, a year earlier. Sales rose 1.8% to $1.10 billion.