BEAVERTON, Ore. (AP) — BEAVERTON, Ore. (AP) — Nike Inc. (NKE) on Thursday reported fiscal second-quarter earnings of $1.16 billion.
The Beaverton, Oregon-based company said it had profit of 78 cents per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The athletic apparel maker posted revenue of $12.35 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $12.08 billion.
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