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.
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