Nike beats Street 2Q forecasts
BEAVERTON, Ore. — Nike Inc. (NKE) on Tuesday reported fiscal second-quarter earnings of $842 million.
On a per-share basis, the Beaverton, Oregon-based company said it had profit of 50 cents.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The athletic apparel maker posted revenue of $8.18 billion in the period, also exceeding Street forecasts.