What Nike's Earnings Mean for Mutual Fund Investors

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What Nike's Earnings Mean for Mutual Fund Investors

Nike Logo Image
Nike (NKE) shares surged on Friday morning, helping the Dow offset some of its losses from Thursday. The company reported a significant increase in revenue and profits, which both came in above analysts’ estimates.

Inside Nike’s Earnings

Earnings

Nike reported earnings of $962 million, or $1.09 per share, up from $779 million, or 86 cents per share, in the same quarter last year.

Analysts expected to see earnings of 88 cents per share.

Revenue
Revenue increased to $7.98 billion from $6.97 billion a year ago. Nike noted that its online sales have increased 70%.

Analysts expected to see revenue of $7.83 billion.

Mutual Funds to Watch

With any major earnings release, it is important to examine the mutual funds that have the largest stake in the company. Below are the mutual funds with the largest stake in Nike.

The Bottom Line

Mutual fund investors should be aware of the performance of the major holdings in the the funds that they own. Earnings reports, such as yesterday’s release from Nike, are a great way to measure holdings

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Why 30 trillion is invested in mutual funds book

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Nike Logo Image

What Nike's Earnings Mean for Mutual Fund Investors

Nike (NKE) shares surged on Friday morning, helping the Dow offset some of its losses from Thursday. The company reported a significant increase in revenue and profits, which both came in above analysts’ estimates.

Inside Nike’s Earnings

Earnings

Nike reported earnings of $962 million, or $1.09 per share, up from $779 million, or 86 cents per share, in the same quarter last year.

Analysts expected to see earnings of 88 cents per share.

Revenue
Revenue increased to $7.98 billion from $6.97 billion a year ago. Nike noted that its online sales have increased 70%.

Analysts expected to see revenue of $7.83 billion.

Mutual Funds to Watch

With any major earnings release, it is important to examine the mutual funds that have the largest stake in the company. Below are the mutual funds with the largest stake in Nike.

The Bottom Line

Mutual fund investors should be aware of the performance of the major holdings in the the funds that they own. Earnings reports, such as yesterday’s release from Nike, are a great way to measure holdings

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next