Nike's earnings seen slipping

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike's (NKE) FQ3 earnings are due out after the bell, with analysts expecting that EPS slipped to $0.72 from $0.73 even as sales climbed 8.1% to $6.69B.

"Nike is facing increasing competition in its apparel business," notes SA author Leigh Drogen. Under Armour "is beginning to challenge Nike in the high-end sportswear market" in the U.S., although the latter "has a much stronger international presence" and is far bigger.