Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Screener

Funds

Advisors

Advisor Access

News

What Nike's Earnings Mean for Mutual Fund Investors

Shauna O'Brien Sep 26, 2014

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.

Ticker	Mutual Fund	Stake
AGTHX	American Funds The Growth Fund of America	2.85%
FCNTX	Fidelity Contrafund Inc	2.34%

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