Nike reported quarterly earnings and revenue on Thursday that beat analysts’ expectations.
Shares of the company rose nearly 8 percent.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 52 cents vs. 46 cents expected
- Revenue: $9.37 billion vs. $9.18 billion expected
Nike said fiscal second-quarter net income rose 10 percent to $847 million, or 52 cents per share, from $767 million, or 46 cents per share, a year earlier. The results topped estimates of 46 cents per share from analysts surveyed by Refinitiv.
Net sales increased by 10 percent to $9.37 billion, topping expectations of $9.18 billion.
This article was originally published by Cnbc.com. Read the original article here.
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