=Finish Line (FINL) reported earnings on Fri 22 Sept 2017 (b/o)

Finish Line beats by $0.01, misses on revs after warning in late August; reaffirms Q3 and Q4 guidance

• Reports Q2 (Aug) earnings of $0.12 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.11; revenues fell 3.3% year/year to $469.4 mln vs the $478.25 mln Capital IQ Consensus. 
• Finish Line comparable store sales decreased 4.5%. Finish Line Macy's sales increased 5.6%.
• Co lowered Q2 (comps to down 3-5% from up low single digits, Q3 and FY18 guidance on August 28. 
• Coreaffirms guidancefor Q3, sees EPS of ($0.32-0.40), excluding non-recurring items, vs. ($0.36) Capital IQ Consensus; comps down 3-5%
• Coreaffirms guidancefor Q4/FY18 as well, sees Q4 EPS $0.50-0.58 vs. $0.55 consensus with comps down 3-5%; sees FY18 EPS 0.50-0.60, excluding non-recurring items, vs. $0.53 Capital IQ Consensus.
• Board of Directors appointed Faisal Masud (CTO at SPLS) as a director of the Company effective September 19, 2017.