Nike Inc Reveals 23% Increase In Q1 Bottom Line

(RTTNews) - Nike Inc (NKE) reported earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $1.18 billion, or $1.34 per share. This was higher than $0.96 billion, or $1.09 per share, in last year's first quarter.

Analysts had expected the company to earn $1.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.4% to $8.41 billion. This was up from $7.98 billion last year.

Nike Inc earnings at a glance:

-Earnings (Q1): $1.18 Bln. vs. $0.96 Bln. last year.
-Earnings Growth (Y-o-Y): 22.9%
-EPS (Q1): $1.34 vs. $1.09 last year.
-EPS Growth (Y-o-Y): 22.9%
-Analysts Estimate: $1.19
-Revenue (Q1): $8.41 Bln vs. $7.98 Bln last year.
-Revenue Change (Y-o-Y): 5.4%