Nike beats analysts' estimates for first-quarter revenue

Company’s net income rose to $1.09 billion

Nike’s launches of new footwear and apparel fueled sales in North America.

Nike’s launches of new footwear and apparel fueled sales in North America.

 

Nike beat analysts’ estimates for first-quarter revenue on Tuesday, as new launches of footwear and apparel fueled sales in North America.

Revenue rose to $9.95 billion from $9.07 billion (€7.6 billion), beating estimates of $9.94 billion. The company’s net income rose to $1.09 billion, or 67 cents per share, in the first quarter ended August 31st, from $950 million, or 57 cents per share, a year earlier.

- Reuters