Reuters: Regulatory News: UPDATE 1-Finish Line profit beats estimates

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UPDATE 1-Finish Line profit beats estimates Jun 29th 2012, 11:43 Fri Jun 29, 2012 7:43am EDT June 29 (Reuters) - Athletic footwear retailer Finish Line Inc's first-quarter earnings marginally beat analysts' estimates, helped by increased demand for its running shoes. Net income attributable to Finish Line fell to $12.3 million, or 24 cents per share, in the quarter ended June 2 from $16.4 million, or 30 cents per share, a year earlier. Net sales increased about 7 percent to $319 million, while same-store-sales rose 8 percent. Analysts, on average, had expected earnings of 23 cents on revenue of $320.7 million, according to Thomson Reuters I/B/E/S. Shares of Finish Line, which sells brands from Nike Inc , Puma and Adidas AG, closed at $18.68 on the Nasdaq on Thursday.

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