Seeking Alpha

Nike earnings beat estimates, futures orders up 8%, shares rise

  • New Dow component Nike (NKE) rallies 6% AH as the company beats on the bottom line for FQ1.
  • Global futures orders (a leading indicator for top line growth) rise 8%, in line with last quarter's print and above FQ1 2012's 6% gain.
  • Revenue growth comes in at 8%.
  • EPS grows 37%, outpacing revenue growth as gross margins expand by 120 bps. (PR)

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