Shares of Finish Line surged Friday after the sporting goods retailer posted a 6 percent rise in second-quarter profit. The stock set a new 52-week high of $24.70 and is up 29 percent so far this year.
Quarterly net income rose to $26.5 million, or 54 cents per share, in the 13 weeks ending Aug. 31, compared to $25 million, or 49 cents per share, in the same period a year ago.
Revenue rose 13 percent to $436 million in the second quarter from $385 million in the same quarter a year ago.
Analysts, on average, expected earnings of 45 cents per share on revenue of $426 million.
For the full year, Finish Line said that it still expects adjusted earnings of $1.47 per share. Analysts expect $1.58 per share, according to FactSet.