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    Nike'S First Quarter Net Profit Of $645 Million, An Increase Of 15% Over The Same Period Last Year.

    2011/9/23 9:25:00 41

    Nike Stock Market Quarter

    Beijing time on the morning of September 23rd,

    Nike

    (NKE) the first quarter was announced on Thursday.

    Financial Report

    The report shows that Nike's net profit in the first quarter was $645 million, an increase of 15% over the same period last year, mainly due to a significant increase in North American market revenue.

    Affected by this, Nike shares rose 5%.


    The report shows that in the quarter ended August 31st, Nike's net profit was $645 million and earnings per share were $1.36, which was better than the same period last year and exceeded analysts' expectations.

    In the first quarter of last fiscal year, Nike's net profit was $559 million and earnings per share were $1.14.

    According to a Bloomberg survey, 18 analysts surveyed expect an average earnings of $1.21 per share in the first quarter of Nike.

    In the past 21 quarters, Nike's quarterly results exceeded analysts' expectations for 20 times.


    Nike's first quarter revenue was $6 billion 80 million, an increase of 18% over the same period last year, exceeding analysts' expectations.

    According to a Bloomberg survey, 16 analysts surveyed expect Nike's first quarter revenue to be $5 billion 750 million.

    Nike's first quarter revenue in North America was $2 billion 200 million, an increase of 16% over the same period last year.


    On that day, Nike

    Price of stock

    In the after hours trading on the New York Stock Exchange (NYSE), it rose 5% to $88.92.

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