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What Nike's Earnings Mean For Mutual Fund Investors (NKE)

Shauna O'Brien Mar 20, 2015



Inside NKE’s Results


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.

Revenue
Sales increased 7% to $7.46 billion from $6.97 billion last year. Analysts expected to see revenue of $7.62 billion.


Challenging Macroeconomic Conditions Continue


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.


Mutual Funds to Watch



The Bottom Line


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