Agenda-setting intelligence, analysis and advice for the global fashion community.
BEAVERTON, United States — Nike Inc. on Thursday reported fiscal second-quarter net income of $655 million.
On a per-share basis, the Beaverton, Oregon-based company said it had net income of 74 cents.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The athletic apparel maker posted revenue of $7.38 billion in the period, also exceeding Street forecasts. Analysts expected $7.16 billion, according to Zacks.
Nike shares have risen 23 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 12 percent. In the final minutes of trading on Thursday, shares hit $97.08, a climb of 24 percent in the last 12 months.
