Nike (NKE) Tops Q3 EPS by 15c
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NIKE, Inc. Reports Fiscal 2018 Third Quarter Results
March 22, 2018 4:15 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2018 third quarter ended February 28, 2018. Revenue growth was led by international geographies and NIKE Direct globally.
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.
NIKEs Consumer Direct Offense drove strong double-digit growth across our international geographies, led by Greater China, said Mark Parker,... More
