Thursday, Nike Inc. (NKE) reported second-quarter net income of $375.4 million or $0.76 per share, down from $391.0 million or $0.80 per share in the same quarter last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.71 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter decreased 4% to $4.4 billion from from $4.6 billion in the comparable quarter last year. The company noted that the changes in currency exchange rates had a minimal impact on reported revenue results. Analysts expected the company to report revenue of $4.40 billion for the quarter.
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