BEAVERTON, Ore. (AP) — BEAVERTON, Ore. (AP) — Nike Inc. (NKE) on Tuesday reported fiscal first-quarter earnings of $727 million.
The Beaverton, Oregon-based company said it had profit of 49 cents per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The athletic apparel maker posted revenue of $11.72 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $11.01 billion.
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