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CORRECTED-Foot Locker 2nd-qtr profit rises
August 17, 2012 / 11:10 AM / in 5 years

CORRECTED-Foot Locker 2nd-qtr profit rises

(Corrects paragraph 1 to say that profit rose 59 percent, not 63 percent)

Aug 17 (Reuters) - Athletic footwear retailer Foot Locker Inc’s second-quarter profit rose 5 9 percent as gross margins improved.

The company’s profit rose to $59 million, or 39 cents per share, from $37 million, or 24 cents per share, a year earlier.

Revenue rose 7.21 percent to $1.37 billion.

Foot Locker shares closed at $34.49 on Thursday on the New York Stock Exchange. (Reporting by Aditi Shrivastava in Bangalore)

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