Nike fourth quarter net profit growth of 14% over the same period last year

Beijing early morning of June 28, the world's largest sporting goods manufacturer Nike (NKE) today released fourth quarter earnings. The report shows that Nike fourth quarter net profit growth of 14% over the same period last year, exceeding Wall Street analysts' expectations, mainly due to growth in sales of the company in the North American market. Affected, Nike shares rose more than 4% in after-hours trading. In the quarter ended May 31, Nike net profit of $ 594 million and earnings per share of $ 1.24, this performance better than last year, and exceeded analysts had expected. Nike net profit of about $ 522 million in the fourth quarter of the last fiscal year, earnings per share of $ 1.06. Bloomberg survey shows surveyed Nike fourth quarter, 15 analysts on average expected earnings per share of $ 1.17. Nike fourth-quarter revenue of $ 5.77 billion, an increase of 14% from $ 5.08 billion in the same period last year, exceeding analysts had expected. Bloomberg survey shows that the average estimate of 13 analysts surveyed Nike fourth-quarter total revenues of $ 5.54 billion. Nike on the North American market in the fourth quarter sales of $ 2.1 billion, an increase of 22% over the same period last year. Nike fourth quarter gross margin by 3.1 percentage points quarter-on-quarter decline, in March this year, Nike fourth quarter gross margin is expected to decline at least 3 percentage points. Not included in the impact of exchange rate movements, the Nike brand from June to November, orders increased by 12% over the same period last year, exceeding analysts had expected. Bloomberg survey shows that the order will be in this stage of the Nike brand, analysts on average expected growth of 9.4%. Facing the sake of the unfavorable factors of cotton (24,385, -900.00, -3.56%), labor and transportation costs rise, Nike CEO Mark - Parker (Mark Parker) has raised the prices of certain products, and announced a further increase in the price plan next year. In regular trading on the New York Stock Exchange (NYSE) day, Nike shares rose $ 0.44, to close at $ 81.62, or 0.54%. Affected by the earnings report, Nike shares rose $ 3.49 in the subsequent hours trading to $ 85.11, or 4.28%. This year, Nike shares fell 5% yesterday. Nike shares fell in March this year, had the highest level of the highest in the past two years, due to rising costs led to gross margin frustrated sake, less than analysts expected for the first time since the company's net profit in 19 quarters.
Nike Shoes Australia --->>> http://www.freerunaustore.com/ --  Our store has all styles and sizes for various sports and activities.They cater for the requirement of all people of all ages.

Nike Air Max --->>> http://www.newnikeoutlet.com/ -- New Nike Outlet Online For Cheap!