Nike (NKE) Tops Q2 EPS by 6c

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Go back to Nike (NKE) Tops Q2 EPS by 6c

NIKE, Inc. Reports Fiscal 2018 Second Quarter Results

December 21, 2017 4:15 PM EST

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2018 second quarter ended November 30, 2017. For the quarter, revenue growth was driven by international geographies and continued strength in NIKE Direct, which was partly offset by an expected decline in North America wholesale revenue.

Diluted earnings per share were $0.46, down 8 percent compared to the same period last year due primarily to a decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.

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