WASHINGTON, Sept 29 — Profit at United States sporting goods company Nike fell in the first quarter but beat the Street estimates, the company announced on Thursday, German news agency dpa reported.
The company’s bottom line totalled US$1.45 billion, or US$0.94 per share. This compares with US$1.47 billion, or US$0.93 per share, in last year’s first quarter.
Analysts on average had expected the company to earn US$0.74 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 2.0 per cent to US$12.94 billion from US$12.69 billion last year.
— Bernama-dpa
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