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Nike Up After Hours On Earnings News

Mar 17, 2010 Company News, Earnings

Nike (NKE) shares are up $2.38 to $73.26 in after hours trading, a 3.36% gain, on the company’s latest earnings news.

For the fiscal 2010 third quarter period that ended February 28, 2010, Nike reported revenue of $4.7 billion, up 7% from the $4.4 billion reported in the same period of 2009.

Net income for the period was $496 million or $1.01 per diluted share, compared to $244 million or $0.50 per diluted share in the same period last year. Analysts had been looking for the company to report earnings of $0.89 per share on revenue of $4.59 billion.

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This entry was posted on Wednesday, March 17th, 2010 at 5:12 pm and is filed under Company News, Earnings. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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