— Foot Locker Inc. (NYSE: FL) reported Q4 2019 earnings of $1.63 per share, vs. $1.58 expected.
— Sales fell 2.2% to $2.22 billion, vs. $2.24 billion expected.
— Comparable store sales decreased 1.6%.
— Merchandise inventories were $1.20 billion at quarter-end, down 4.8% year-over-year.
— During the quarter, the company opened 32 new stores, remodeled or relocated 66 stores and closed 63 stores.
— Cash and cash equivalents totaled $907 million at year-end.
— FL shares were down 1.7% in premarket hours on Friday.
Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also
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