Nike profit up 14%
Posted on June 29th, 2011
New York – Sports shoe-maker, Nike , reported stronger profit for the period, up 14%.
Shares of Nike rose $5.98, or 7.33%, to trade at $87.60 on the news.
For the fourth quarter, NKE reported profit of $594 million, or $1.24 per share, compared to year-ago earnings of $522 million, or $1.06 per share.
The street was looking for Nike to report earnings of $1.16 per share.
Similar Posts:
- ANZ reveal record $1b profit
- Gold stocks poised for a come back
- Debt Continues to have a Stranglehold over US Consumers
- Facebook Files for IPO and the Economy Shows Signs of Recovery
- ECB raises eurozone growth forecasts and holds rates
Tags: Profit, Profit 14
Filed under Financial Tips |