RSS Nike Inc Q2 Profit Falls, But Beats Estimates

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 RSS Nike Inc Q2 Profit Falls, But Beats Estimates

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Nike Inc (NKE) has reported its second-quarter earnings, which, although lower than the previous year, have surpassed Wall Street predictions. The company's net earnings reached $1.163 billion, translating to $0.78 per share. This marks a decline from the prior year's second-quarter figures of $1.578 billion, or $1.03 per share.

Industry analysts had forecasted an earnings figure of $0.63 per share on average, as reported by Thomson Reuters. It should be noted that these analyst projections generally do not account for any special items.

In terms of revenue, Nike experienced a decline of 7.7%, with quarterly revenues reported at $12.354 billion compared to $13.388 billion in the previous year.

Key financial highlights for Nike Inc for the second quarter (GAAP) include:

- Net Earnings: $1.163 billion, down from $1.578 billion in the prior year.

- Earnings Per Share (EPS): $0.78, compared to last year's $1.03.

- Revenue: $12.354 billion, a decrease from $13.388 billion the previous year.

The material has been provided by InstaForex Company - www.instaforex.com
 
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