24/7 Wall St.
06-25-2008, 06:00 PM
24/7 Wall St. Daily News
Nike Inc. (NYSE: NKE) posted its quarterly and fiscal earnings, with a fiscal gain of 14% in revenues, a 28% EPS gain, and a future orders gain of 11%. For the quarter, Nike posted $0.98 diluted EPS on $5.088 Billion in revenues. First Call estimates were $0.96 EPS on $4.95 Billion in revenues. To explain the difference in estimates versus actual numbers, Nike said that currency added revenue by 5% for the year and by 7% in the quarter. The company also benefited from much lower tax rates compared to 2007 because of larger overseas revenues where taxes are lower.... http://feeds.feedburner.com/~f/typepad/RyNm?i=XVSI1I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XVSI1I) http://feeds.feedburner.com/~f/typepad/RyNm?i=HAobtI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=HAobtI) http://feeds.feedburner.com/~f/typepad/RyNm?i=5VDXei</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5VDXei)
complete story here... (http://www.247wallst.com/2008/06/nike-earnings-c.html)
Nike Inc. (NYSE: NKE) posted its quarterly and fiscal earnings, with a fiscal gain of 14% in revenues, a 28% EPS gain, and a future orders gain of 11%. For the quarter, Nike posted $0.98 diluted EPS on $5.088 Billion in revenues. First Call estimates were $0.96 EPS on $4.95 Billion in revenues. To explain the difference in estimates versus actual numbers, Nike said that currency added revenue by 5% for the year and by 7% in the quarter. The company also benefited from much lower tax rates compared to 2007 because of larger overseas revenues where taxes are lower.... http://feeds.feedburner.com/~f/typepad/RyNm?i=XVSI1I</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XVSI1I) http://feeds.feedburner.com/~f/typepad/RyNm?i=HAobtI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=HAobtI) http://feeds.feedburner.com/~f/typepad/RyNm?i=5VDXei</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=5VDXei)
complete story here... (http://www.247wallst.com/2008/06/nike-earnings-c.html)