Nike's Net Profit Increased 9% In The First Quarter.

Reading: Nike announced that the first quarter of August 31st, the company achieved net profit of $559 million, or earnings per share of $1.14, higher than the same period last year's net profit of $513 million, and earnings per share of $1.04.

　　 Nike (Nike Inc., NKE) announced in the first fiscal quarter Net profit An unexpected increase of 9% is due to the improvement of the profit margin during the quarter to boost revenue growth.

Nike announced that in the first quarter of August 31st, the company achieved net profit of $559 million, or $1.14 per share, a net profit of $513 million over the same period last year, plus $1.04 per share.

Quarter revenue increased 7.8% to $5 billion 180 million.

Previously accepted Thomson Reuters ( Analysts at Thomson Reuters Co. (TRI) surveyed the company's earnings per share in the first quarter of 1.01 dollars, with a total revenue of $5 billion 220 million.

Gross profit margin rose to 47% from 46.2% in the same period last year.