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Thursday, September 25, 2014

Nike Hurdles Over Views, Starts Fiscal Year Strong



Investors.com http://ift.tt/1n3ISZ9 Nike (NKE) got a running start to its fiscal 2015 as the sportswear giant hurdled over analyst forecasts. Earnings jumped 26.7% to $1.09 a share, topping views by 21 cents. Revenue rose 14.5% to $7.98 billion, beating analyst forecasts for $7.83 billion. "Nike is eating Adidas' lunch," Macquarie analyst Laurent Vasilescu told IBD, "especially in western Europe." Shares of the Beaverton, Ore.-based company rallied 5% after hours on the stock market


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