BEAVERTON, Ore. (AP) — Nike Inc. on Tuesday reported fiscal second-quarter profit of $1.33 billion.
On a per-share basis, the Beaverton, Oregon-based company said it had net income of 85 cents.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The athletic apparel maker posted revenue of $13.32 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $12.61 billion.
