Nike: Q1 above expectations.

(CercleFinance.com) - Nike has had a good start to the year, which despite a decline in its annual accounts from Q1, exceeded the consensus.


The US sports equipment manufacturer posted total revenues of 9.07 billion dollars, almost flat compared to the first three months of the last fiscal year and slightly below the 9.08 billion dollars expected by analysts. Sales by geographic area fell by 3% in the US, but rose by 9% in China.

The group's net income came in at 950 million dollars, down 24%.
However, EPS reached 57 cents, down 16 cents, but well above the consensus of 48 cents.


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