Nike Inc. (NKE
The Beaverton, Oregon-based company reported earnings of $0.86 per shares, above analysts expectations of $0.78 and higher than last quarter’s $0.76 figure. Revenues were reported at $7.8 billion, significantly higher than the $6.97 billion consensus estimate, and higher than last quarter’s $6.7 billion recording.
Commenting on the company’s performance, Nike CEO Mark Parker noted “We had a great first quarter driven by our unrelenting commitment to delivering innovative products and services to athletes around the world. Our powerful portfolio of businesses combined with unmatched leadership and resources allows us to capitalize on opportunities that drive long-term value for our shareholders.”
Nike shares rose 2.09% during Thursday’s session. Year-to-date, the stock is up 32.95%.
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