Nike Inc (NKE) announced a profit for second quarter that beat the Street estimates.
The company's earnings came in at $1.33 billion, or $0.85 per share. This compares with $1.34 billion, or $0.83 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.3% to $13.32 billion from $11.36 billion last year.
Nike Inc earnings at a glance (GAAP) :
-Earnings (Q2): $1.33 Bln. vs. $1.34 Bln. last year.
-EPS (Q2): $0.85 vs. $0.83 last year.
-Analyst Estimates: $0.65
-Revenue (Q2): $13.32 Bln vs. $11.36 Bln last year.
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