Nike (NKE) Tops Q3 EPS by 15c, Sales Miss
Nike (NYSE: NKE) reported Q3 EPS of $0.68, $0.15 better than the analyst estimate of $0.53. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.47 billion.
- Revenues up 5 percent to $8.4 billion; 7 percent growth on a currency-neutral basis*
- Diluted earnings per share up 24 percent to $0.68
- Inventories up 7 percent as of February 28, 2017
“The power of NIKE’s diverse, global portfolio delivered another solid quarter of growth and profitability,” said Mark Parker, Chairman, President and CEO, NIKE, Inc. “To expand our leadership and ignite NIKE’s next phase of growth, we’re delivering a relentless flow of innovation through performance and style, increasing speed throughout the business and creating more direct connections with consumers leveraging digital and membership.”
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