Earnings

Nike reported quarterly earnings and revenue on Thursday that beat analysts’ expectations.

Shares of the company rose nearly 8 percent.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 52 cents vs. 46 cents expected
  • Revenue: $9.37 billion vs. $9.18 billion expected

Nike said fiscal second-quarter net income rose 10 percent to $847 million, or 52 cents per share, from $767 million, or 46 cents per share, a year earlier. The results topped estimates of 46 cents per share from analysts surveyed by Refinitiv.

Net sales increased by 10 percent to $9.37 billion, topping expectations of $9.18 billion.

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