Nike: Fiscal Q1 Earnings Snapshot
BEAVERTON, Ore. (AP) _ Nike Inc. (NKE) on Thursday reported fiscal first-quarter profit of $1.47 billion.
The Beaverton, Oregon-based company said it had net income of 93 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The athletic apparel maker posted revenue of $12.69 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $12.33 billion.