a12345Amid weak results and sliding stock, Finish Line adopts anti-takeover plan (from Indianapolis Business Journal in Indianapolis)

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Finish Line Inc. shares plunged in after-market trading Monday after the sports apparel and shoe retailer announced weak results for the latest quarter, reduced expectations for the full year and said it adopted a shareholder-rights plan aimed thwarting unwanted takeover advances. The Indianapolis-based company said it expects to report fiscal second quarter sales of $470 million and per-share profit of 8 cents to 12 cents.  Analysts polled by FactSet had expected sales of $477 million and per-share profit of 37 cents for the quarter, which . . . [Read More]
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