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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Nike Earnings Improve 3% 0 comments
    Dec 20, 2013 9:59 AM | about stocks: NKE

    Originally published at www.seclive.com

    Filing in Focus: Nike 8-K, December 19, 2013

    Nike Inc. (NYSE:NKE) announced its second fiscal quarter results for the fiscal year 2014, reporting earnings that improved 3%. Revenues of $6.43B came in just under analyst expectations of $6.44B, while profits beat estimates. Nike posted a $537M profit, or $0.59 per share, up from $384M and $0.57 per share last year. European sales were up double-digits, close to 20%, while sales in North America improved almost 10% to $2.8B. Global future orders increased 12% to $10.4B, beating analyst predictions of 9.7% while gross margins improved from 42.5% to 43.9%. CEO Mark Parker remarked that the company's results show that it is a powerful company in all categories and in all locations.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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