Nike Inc Profit Declines In Q4, misses estimates

(RTTNews) - Nike Inc (NKE) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $1.03 billion, or $0.66 per share. This compares with $1.44 billion, or $0.90 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $12.83 billion from $12.23 billion last year.

Nike Inc earnings at a glance (GAAP) :

-Earnings (Q4): $1.03 Bln. vs. $1.44 Bln. last year. -EPS (Q4): $0.66 vs. $0.90 last year. -Analyst Estimates: $0.67 -Revenue (Q4): $12.83 Bln vs. $12.23 Bln last year.