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Foot Locker’s Earnings Strength Helps Propel Nike, Under Armour

  • Basketball sneakers from Irving, Curry performed well
  • Second-quarter sales and profit topped analysts’ estimates

Foot Locker Inc. rose the most in four years after the sneaker chain’s second-quarter results beat analysts’ estimates, helping propel shares of Nike Inc. and Under Armour Inc.

Earnings grew to 94 cents a share last quarter, the New York-based chain said on Friday. Analysts had estimated 90 cents a share on average, according to data compiled by Bloomberg.

Foot Locker cited basketball sneakers...