Inside Nike’s 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 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
|AGTHX||American Funds The Growth Fund of America||2.85%|
|FCNTX||Fidelity Contrafund Inc||2.34%|
The Bottom Line
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