Welcome to MutualFunds.com. Please help us personalize your experience.
Check your email and confirm your subscription to complete your personalized experience.
Thank you for your submission, we hope you enjoy your experience
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%|
If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.
Receive email updates about best performers, news, CE accredited webcasts and more.
Check out our Q&A with Brian Spinelli, Chair of Investment Committee and Senior...
Check out our Q&A with Deron McCoy, CIO of Signature Estate & Investment...