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Nike third quarter net profit of 560 million dollars
By: yong   |    April 17, 2012   |   1 Comments (0) (0)

Nike announced its third quarter earnings in fiscal year 2012. The results, Nike's fiscal third-quarter net profit by 7.1 percent, reaching $ 560 million.

The third quarter ended February 29, the company's net profit was $ 560 million, diluted earnings per share of $ 1.2, up by 11%, more than the market for the quarter earnings per share average estimate of $ 1.17; The year-on-year net profit of $ 523 million, earnings per share of $ 1.08. [url=http://www.wholesalesneakerschina.com]wholesale nike shoes[/url]

Nike quarter revenue of $ 5.8 billion, an increase of 16 percent, slightly lower than the average expected sales of $ 5.82 billion, at the same time, Nike seasonal gross margin fell to 43.8 percent from 45.8 percent in the same period last year, mainly due to rising costs. This is the profitability of the company's fifth consecutive quarterly decline. Nike stock for the quarter was $ 3.4 billion, stock up 32%, of which 20% is because the increase of input costs and product mix has changed. [url=http://www.wholesalesneakerschina.com/nike-air-max-shoes-c-14.html]nike air max 2012[/url]

In addition, the company in March 2012 to July delivery footwear and apparel orders totaling $ 9.4 billion, an increase of 15%.
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1 Comments on this Article

vision20 commented on June 19, 2012

Nike has always been a well recognized brand and will continue to dominate.

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