Pages

Tuesday

Brand power helps Nike beat estimates

Brand power helps Nike beat estimates

(Reuters) - Nike Inc's quarterly formula kick Wall Street estimates, as a branded sell sole good opposite a universe notwithstanding aloft prices.

Worldwide futures orders for a Nike brand, a closely watched magnitude of direct in entrance months, grew 13 percent to $8.9 billion during a finish of a quarter.

For a second entertain finished Nov 30, a world's biggest sports wardrobe builder warranted $469 million, or $1 a share, compared with $457 million, or 94 cents a share, final year.

Revenue rose 18 percent to $5.73 billion.

Analysts, on average, were awaiting gain of 97 cents a share, on income of $5.63 billion, according to Thomson Reuters I/B/E/S.

Excluding unfamiliar sell fluctuations, income for a Nike code rose 18 percent with expansion in all markets solely for Japan, and in all pivotal categories solely Action Sports, a association pronounced in a statement.

The company, that also owns brands like Converse, Cole Haan, Umbro and Hurley, pronounced revenues from these segments increasing 5 percent.

Shares of a Beaverton, Oregon association were adult during $94.67 in after-market trade on Tuesday. They sealed during $93.63 on a New York Stock Exchange.

(Nivedita Bhattacharjee in Bangalore; Editing by Unnikrishnan Nair)


News referensi http://news.yahoo.com/nike-posts-bigger-quarterly-profit-212455539.html

0 comments:

Post a Comment