Citigroup on Nike (NKE): We Feel Better Today Than We Did Yesterday
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NIKE, Inc. Reports Fiscal 2017 Second Quarter Results
December 20, 2016 4:15 PM ESTRevenues up 6 percent to $8.2 billion; 8 percent growth on a currency neutral basis* Diluted earnings per share up 11 percent to $0.50 compared to prior year Inventories up 9 percent as of November 30, 2016
BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2017 second quarter ended November 30, 2016. Global consumer demand drove revenue growth across the NIKE Brand portfolio. Diluted earnings per share were up 11 percent and grew faster than revenue, primarily due to selling and administrative expense... More
