UPDATE 2-Man Alive business drags Finish Line to Q1 loss

* Q1 EPS -0.1/shr, in line with Street views

* Q1 revenue down 7 pct to $267.2 mln

* Shares down more than 7 pct in after-mkt trade (Adds CFO and analyst comments, updates share movement)

By Nivedita Bhattacharjee & Alexandria Sage

BANGALORE/SAN FRANCISCO, June 25 (Reuters) - Finish Line Inc (FINL.O) posted a quarterly loss on Thursday as falling sales, primarily at its Man Alive chain, hurt performance.

"The core Finish Line business was profitable," Chief Financial Officer Ed Wilhelm said.

"It was the Man Alive business that lost $3.9 million that puts us in the loss position."

On June 22, the retailer of athletic shoes and apparel said it would exit its streetwear-inspired Man Alive segment to focus on its namesake chain.

Analyst Sam Poser of Sterne, Agee & Leach said the sell-off should add at least 15 cents to the company's fiscal 2010 results.