Nike quarterly revenue beats estimates
Nike quarterly revenue beats estimates
Nike Inc beat analysts` estimates for first-quarter revenue on Tuesday, as new launches of footwear and apparel fuelled sales in North America.
Revenue rose to $9.95 billion from $9.07 billion, beating estimates of $9.94 billion, according to Thomson Reuters I/B/E/S.
The company`s net income rose to $1.09 billion, or 67 cents per share, in the first quarter ended Aug. 31, from $950 million, or 57 cents per share, a year earlier.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.