Nike Inc Q1 Income Rises, Beats estimates

(RTTNews) - Nike Inc (NKE) released earnings for its first quarter that rose from last year.

The company's profit came in at $1.87 billion, or $1.16 per share. This compares with $1.52 billion, or $0.95 per share, in last year's first quarter.

Analysts had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.7% to $12.25 billion from $10.59 billion last year.

Nike Inc earnings at a glance:

-Earnings (Q1): $1.87 Bln. vs. $1.52 Bln. last year. -EPS (Q1): $1.16 vs. $0.95 last year. -Analysts Estimate: $1.11 -Revenue (Q1): $12.25 Bln vs. $10.59 Bln last year.