Nike quarterly revenue beats estimates
The company, which came out with a controversial ad campaign featuring former NFL player Colin Kaepernick earlier this month, was trading down nearly 2 percent at $83.30 after the bell.
Quarterly sales rose 6 percent in North America, its second straight rise, showing signs of recovery after competition from rivals Adidas AG
Revenue rose 9.7 percent to $9.95 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.