Wednesday, March 19, 2008

Nike Beats Estimates...

Nike (NKE) reported third quarter earnings totaled $0.92 per share. Analysts were calling for earnings of just $0.81 per share. Revenues rose 15% year-over-year to $4.5 billion versus the $4.4 billion consensus.

Notably, NKE reported worldwide futures orders for athletic footwear and apparel, scheduled for delivery from March 2008 through July 2008, totaled $6.9 billion. That is 11% higher than the orders reported for the same period one year ago.

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