Nike (NKE) Tops Q2 EPS by 6c

Nike (NYSE: NKE) reported Q2 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $9.4 billion versus the consensus estimate of $9.17 billion.

Gross margin increased 80 basis points to 43.8 percent primarily driven by higher average selling prices and margin expansion in NIKE Direct, partially offset by higher product costs.

For earnings history and earnings-related data on Nike (NKE) click here.

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