Nike (NKE) Tops Q2 EPS by 13c

Nike (NYSE: NKE) reported Q2 EPS of $0.70, $0.13 better than the analyst estimate of $0.57. Revenue for the quarter came in at $10.3 billion versus the consensus estimate of $10.07 billion.

"NIKE delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation,” said Andy Campion, Executive Vice President and Chief Financial Officer, NIKE, Inc. “As we deliver a relentless flow of innovation and scale NIKE’s digital advantage, we are positioned for even greater competitive separation and long-term shareholder value creation.”**

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