3 Key Takeaways From Nike's Second Quarter
Nike (NYSE: NKE) reported second-quarter earnings after the market closed on Thursday that were significantly ahead of analysts' targets. The shoes and apparel retailer reported earnings per diluted share of $0.70 on sales of $10.3 billion, handily topping the average analyst estimate's call for per-share earnings of $0.58 on revenue of $10.1 billion.
Nike stock slipped roughly 1% on the day of trading following the earnings release but was at an all-time high prior to publishing the report. It had climbed roughly 36% year to date.
Overall, it was a very strong quarter for the company and saw the business make substantial top- and bottom-line gains and significant progress on long-term strategic initiatives. Read on for a closer look at the second quarter results, as well as some supporting quotes from Nike's conference call.
Source Fool.com
