Foot Locker jumps 23% after saying it expects to report a surprise profit in the 2nd quarter (FL)

AP/Bennett Raglin

• Foot Locker on Monday said it expects to report a surprise profit in the second quarter, as comparable sales jumped 18% in the period. 
• Shares of Foot Locker jumped as much as 23% in premarket trading Monday. 
• The company is scheduled to report its second-quarter earnings on August 21 before market open.
• Watch Foot Locker trade live on Markets Insider. 
• Read more on Business Insider. 

Shares of Foot Locker surged as much as 23% in premarket trading Monday after the company said it expects to report a surprise profit in the second quarter. 

Foot Locker announced on Monday that in the second quarter ending August 1, comparable store sales jumped around 18%. In addition, diluted earnings for the quarter are expected to be between 38 cents and 42 cents per share, compared with 55 cents per share last year. See the rest of the story at Business Insider

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