We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nike, Inc. (NKE - Free Report) ) just released its fourth-quarter fiscal 2017 results, posting earnings of $0.60 per share and revenues of $8.68 billion. Currently, NKE is a #3 (Hold) on the Zacks Rank, and is up 2.6% to $54.59 per share in trading shortly after its earnings report was released.
Nike:
Beat earnings estimates. The company reported earnings of $0.60 per share, up 22.4% year-over-year, surpassing the Zacks Consensus Estimate of $0.49 per share.
Beat revenue estimates. The company saw total revenues of $8.68 billion, just beating our consensus estimate of $8.61 billion and increasing 5% year-over-year. Revenues increased by double-digits in Western Europe, Greater China and other emerging markets due to extensive growth in Sportswear and Running.
Sales and administrative expenses decreased by 4% to $2.7 billion, while overhead expenses decreased by 1% to $1.9 billion.
Net income for the quarter increased 19% to $1.0 billion, which was mostly due to a global revenue increase, decreased sales and administrative expenses, as well as a smaller tax rate.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2%, respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nike (NKE) Posts Q4 Earnings Beat, Revenues Saw Double-Digit Increase
Nike, Inc. (NKE - Free Report) ) just released its fourth-quarter fiscal 2017 results, posting earnings of $0.60 per share and revenues of $8.68 billion. Currently, NKE is a #3 (Hold) on the Zacks Rank, and is up 2.6% to $54.59 per share in trading shortly after its earnings report was released.
Nike:
Beat earnings estimates. The company reported earnings of $0.60 per share, up 22.4% year-over-year, surpassing the Zacks Consensus Estimate of $0.49 per share.
Beat revenue estimates. The company saw total revenues of $8.68 billion, just beating our consensus estimate of $8.61 billion and increasing 5% year-over-year. Revenues increased by double-digits in Western Europe, Greater China and other emerging markets due to extensive growth in Sportswear and Running.
Sales and administrative expenses decreased by 4% to $2.7 billion, while overhead expenses decreased by 1% to $1.9 billion.
Net income for the quarter increased 19% to $1.0 billion, which was mostly due to a global revenue increase, decreased sales and administrative expenses, as well as a smaller tax rate.
Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2%, respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>