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Nike reported net income of $791 million, or 89 cents per share, up 16% from $682 million, or 75 cents per share, last year. On average, analysts expected to see EPS of 84 cents.
Sales increased 7% to $7.46 billion from $6.97 billion last year. Analysts expected to see revenue of $7.62 billion.
The company has been growing due to higher demand for athletic wear fashion products, but Nike now expects to see lower results for FY2016 due to challenging macroeconomic conditions.
|VTSMX||Vanguard Total Stock Market Index||1.38%|
|VFINX||Vanguard 500 Index||0.90%|
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