Nike Inc Profit Retreats In Q1, but beats estimates

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

The company's earnings totaled $1.47 billion, or $0.93 per share. This compares with $1.87 billion, or $1.16 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $12.69 billion from $12.25 billion last year.

Nike Inc earnings at a glance (GAAP) :

-Earnings (Q1): $1.47 Bln. vs. $1.87 Bln. last year.
-EPS (Q1): $0.93 vs. $1.16 last year.
-Analyst Estimates: $0.92
-Revenue (Q1): $12.69 Bln vs. $12.25 Bln last year.

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