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Benzinga

Business

Chris Katje

Nike Q1 Earnings Highlights: Revenue And EPS Beat, Investors Pull Back On Inventory, China Concerns

NIke China NKE Nike Inc NYSE

Apparel and footwear company Nike Inc (NYSE:NKE) reported first-quarter financial results after market close Thursday. Here are the key highlights for Nike investors.

What Happened: Nike reported first-quarter revenue of $12.7 billion, up 4% year-over-year. The total came in ahead of a Street estimate of $12.27 billion, according to data from Benzinga Pro.

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