Finish Line declined for the second straight day after reporting a net loss that was wider than analysts were expecting. Finish Line was downgraded by analysts at Canaccord Genuity, Wedbush and Piper Jaffray as the stock fell 14% over the past two sessions, after the sneaker and apparel retailer reported that weak accessory and apparel sales caused the company to miss Wall Street’s third quarter forecast.
Category: Finish Line Inc The
Why Shares of The Finish Line Plunged Today
The company fell well short of analyst expectations, with major declines in apparel and accessory sales hurting its results. At 10:45 a.m., Finish Line stock was down about 11.5%.