Nike (NKE) Tops Q3 EPS by 15c

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 $9 billion versus the consensus estimate of $8.85 billion.

• Diluted net loss per share was $0.57, reflecting significantly higher income tax expense from the enactment of the Tax Cuts and Jobs Act (the “Tax Act”). The impact of the Tax Act resulted in one-time provisional charges that reduced diluted earnings per share by $1.25.

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

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