Plus   Neg

Nike Inc Reports Advance In Q2 Bottom Line

Nike Inc (NKE) revealed earnings for its second quarter that rose from last year.

The company's profit came in at $1.25 billion, or $0.78 per share. This compares with $1.12 billion, or $0.70 per share, in last year's second quarter.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.8% to $11.24 billion from $10.33 billion last year.

Nike Inc earnings at a glance:

-Earnings (Q2): $1.25 Bln. vs. $1.12 Bln. last year.
-EPS (Q2): $0.78 vs. $0.70 last year.
-Analysts Estimate: $0.62
-Revenue (Q2): $11.24 Bln vs. $10.33 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT