Nike Inc Q1 Profit beats estimates

(RTTNews) - Nike Inc (NKE) released earnings for first quarter that beat the Street estimates.

The company's bottom line totaled $1.45 billion, or $0.94 per share. This compares with $1.47 billion, or $0.93 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $12.94 billion from $12.69 billion last year.

Nike Inc earnings at a glance (GAAP) :

-Earnings (Q1): $1.45 Bln. vs. $1.47 Bln. last year. -EPS (Q1): $0.94 vs. $0.93 last year. -Analyst Estimates: $0.74 -Revenue (Q1): $12.94 Bln vs. $12.69 Bln last year.