Market Intelligence
NKE

Nike quarterly revenue beats Wall Street estimates

Reuters

Dec 20 () - Nike Inc beat quarterly revenue estimates on Thursday, benefiting from strong online sales in North America and China.

Revenue for the world's largest sportswear maker rose to $9.37 billion from $8.55 billion, beating the analysts' average estimate of $9.18 billion, according to IBES data from Refinitiv.

The maker of Jordan sneakers said net income rose to $847 million, or 52 cents per share, in the second quarter ended Nov. 30, from $767 million, or 46 cents per share, a year earlier.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NKE

Other Topics

World Markets Stocks Earnings

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More