Nike (NKE) Tops Q1 EPS by 16c

Nike (NYSE: NKE) reported Q1 EPS of $0.86, $0.16 better than the analyst estimate of $0.70. Revenue for the quarter came in at $10.7 billion versus the consensus estimate of $10.42 billion.

“Our targeted strategic investments are accelerating NIKE’s digital transformation and extending our competitive advantage,” said Andy Campion, Executive Vice President and Chief Financial Officer, NIKE, Inc. “Even amidst the increasingly volatile macroeconomic and geopolitical environment, we expect our unrelenting focus on better serving the consumer to continue fueling strong, broad-based growth across our global portfolio.”**

For earnings history and earnings-related data on Nike (NKE) click here.

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