Nike Q1 EPS $1.16 Beats $1.11 Estimate, Sales $12.20B Miss $12.46B Estimate

Nike (NYSE:NKE) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.11 by 4.5 percent. This is a 22.11 percent increase over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $12.20 billion which missed the analyst consensus estimate of $12.46 billion by 2.09 percent. This is a 15.16 percent increase over sales of $10.59 billion the same period last year.