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.

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.

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.

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