Nike: Fiscal Q1 Earnings Snapshot

BEAVERTON, Ore. (AP) — BEAVERTON, Ore. (AP) — Nike Inc. (NKE) on Thursday reported fiscal first-quarter earnings of $712 million.

On a per-share basis, the Beaverton, Oregon-based company said it had net income of 48 cents.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The athletic apparel maker posted revenue of $11.21 billion in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $11.4 billion.

Nike expects full-year earnings in the range of $1.15 to $1.35 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NKE at https://www.zacks.com/ap/NKE