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Nike Inc Bottom Line Retreats In Q4, but beats estimates

Nike Inc (NKE) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $1.44 billion, or $0.90 per share. This compares with $1.51 billion, or $0.93 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.9% to $12.23 billion from $12.34 billion last year.

Nike Inc earnings at a glance (GAAP) :

-Earnings (Q4): $1.44 Bln. vs. $1.51 Bln. last year.
-EPS (Q4): $0.90 vs. $0.93 last year.
-Analyst Estimates: $0.81
-Revenue (Q4): $12.23 Bln vs. $12.34 Bln last year.

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