- Finish Line (FINL +15.6%) is a rose growing in today's market carnage, surging more than 15% after FQ1 earnings and revenues both exceed expectations.
- FINL says sales should rise slightly as the year progresses; Q1 sales at stores open at least a year rose 1.5%, down sharply from the 4.6% increase in the year-ago quarter and below analyst estimates, but comp sales are expected to rise by 3%-5% for the full year.
- Reaffirms FY 2017 guidance for EPS of $1.50-$1.56 vs. $1.54 analyst consensus estimate.
- Citigroup reiterates its Buy rating and $23 price target on the stock.