Nike (NKE) Tops Q3 EPS by 16c

Nike (NYSE: NKE) reported Q3 EPS of $0.87, $0.16 better than the analyst estimate of $0.71. Revenue for the quarter came in at $10.9 billion versus the consensus estimate of $10.59 billion.

• Third quarter reported revenues were $10.9 billion, up 5 percent compared to prior year and up 8 percent on a currency-neutral basis.*
• NIKE Direct sales were $4.6 billion, up 15 percent on a reported basis and up 17 percent on a currency-neutral basis.
• NIKE Brand Digital sales increased 19 percent, or 22 percent on a currency-neutral basis, led by 33 percent growth in North America.
• Gross margin increased 100 basis points to 46.6 percent.
• Diluted earnings per share for the quarter was $0.87.

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

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