Thursday 22 September 2011

Summary Box: Nike Inc. fiscal 1st-quarter results (AP)


EARNINGS: Nike Inc.'s net income rose 15 percent to $645 million, or $1.36 per share from $559 million, or $1.17 per share, in the same quarter last year.


REVENUE: Revenue for the world's largest athletic shoe and clothing company rose 18 percent to $6.08 billion.


EXPECTATIONS: The quarter beat analysts' expectations of $1.21 per share on revenue of $5.75 billion, according to data from FactSet.


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