Nike Scores Big; Shares Spike 11%
September 26, 2014 at 11:21 AM EDT
Nike (NKE) is starting the new fiscal year ready to wear by beating fiscal first-quarter financial projecitons. For the quarter that ended Aug. 31, sales jumped 15% to $8 billion to yield per share earnings of $1.09, 21 cents ahead of Wall Street estimates. Meanwhile, the athletic shoe and clothing giant expects per share profit [...]
