Nike Beats Wall Street Estimates
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PORTLAND, Ore. Sept. 20, 2004 - Nike Inc. reported a better-than-expected 25 percent increase in first-quarter profits on Monday, helped by solid domestic and international sales.
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Nike beat expectations yesterday with a 46 per cent jump in second quarter profit, boosted by strong demand in the US and emerging markets and the weak US dollar.
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Nike Inc  posted on Thursday a 51 percent rise in quarterly net profit, helped by a tax benefit and a weak-dollar boost to revenue, and its shares rose 1.6 percent as the results topped Wall Street targets.
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Payless ShoeSource (NYSE: PSS) makes a living selling shoes for less, but the stock, up 19% at its high today, is the largest percentage gainer on the New York Stock Exchange.
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Wall Street advanced sharply Monday after a rout on Friday following solid preliminary results from I.B.M.
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U.S. stock index futures rose on  Friday after Nike  and Oracle  reported  higher-than-expected financial results, but trading was likely  to be volatile as equity derivative contracts expired.
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Nike Inc. Chief Executive  Mark Parker said on Tuesday worldwide revenue could rise 53  percent to $23 billion within five years, as it tries to foster  more loyalty among customers to its iconic brand.
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Investors liked what they heard from the shoe company.
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US stocks advanced again on Tuesday as some better-than-expected corporate earnings and a surprising jump in durable goods orders helped boost beaten-down sentiment on Wall Street.
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Global sportswear giant Nike posts market-beating quarterly profit figures, helped by strong sales.
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Nike posts a 51% rise in quarterly profit, boosted by strong revenue growth and a one-time tax benefit.
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Polo Ralph Lauren (RL:NYSE - news - research) beat estimates for its second-quarter earnings, posting a 49% gain. The clothing maker said Wednesday it earned $80.
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U.S. stocks gained on Friday as stronger-than-expected results from software maker Oracle Corp  and Nike Inc  brightened the profit outlook.
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Nike Inc.  boosted its quarterly dividend by 25 percent on Monday, citing strong cash flow and growth prospects as the world's biggest athletic shoe company has racked up record revenue and soaring profits the past few years.
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The No. 2 electronics retailer is making strides and beats estimates.
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Nasdaq Stock Market Inc. , which runs the largest U.S. electronic stock exchange, said on Thursday that its quarterly profit more than tripled on higher revenues and the strength of new products and customer service initiatives, beating analysts' estimates.
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Nike, the US sports footwear and clothing firm, unveils a 26% rise in first quarter income, thanks to the Olympics raising its profile.