Nike's Second Quarter Earnings Grew Slightly
Nike Inc. released its second fiscal policy on Tuesday.
Fortune also showed that Nike's sales increased by 18% to $5 billion 700 million during the quarter, which exceeded the average forecast of Wall Street analysts. Market analysts surveyed by FactSet research firm have expected Nike to make a profit of 97 cents per share in the second quarter, and expect total sales to reach $5 billion 630 million.
The company said that the total value of Nike brand clothing and sports shoes delivered between December 2011 and April 2012 reached $8 billion 900 million, up from 13% in the same period last year.
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