air max atomic pink. And the company says it will continue to be hurt by the stronger dollar this quarter. The stronger dollar can affect U.S. companies that sell goods overseas when they translate foreign income back into U.S. currency. Nike is also dealing with higher costs for raw materials like chemicals and leather as well as labour. Still, the Beaverton, Ore. based company got a boost from big revenue gains, particularly in Europe. Higher prices helped offset discounts in some regions to clear excess merchandise. Nike CEO Mark Parker also highlighted 3 D printing capabilities that were used to bring its Vapor Carbon Elite football cleat on the field quickly in time for the Super Bowl in February.
Higher prices helped offset discounts in some regions to clear excess merchandise. Nike CEO Mark Parker also highlighted 3 D printing capabilities that were used to bring its Vapor Carbon Elite football cleat on the field quickly in time for the Super Bowl in February. nike coral trainers. Parker said the company plans to keep using 3 D printing technology. Earnings from continuing operations rose 3 percent, to $685 million, or 76 cents per share, in the three months that ended on Feb. 28. Analysts expected 72 cents per share, according to FactSet. The year before, profit came to $662 million, or 73 cents per share.
Parker said the company plans to keep using 3 D printing technology. Earnings from continuing operations rose 3 per cent, to $685 million, or 76 cents per share, in the three months that ended on Feb. 28. Analysts expected 72 cents per share, according to FactSet. The year before, profit came to $662 million, or 73 cents per share. The Cole Haan and Umbro brands, which were sold in February 2013, added another $204 million in profit to last year’s period. Revenue rose 13 per cent to $6.97 billion, beating analysts expectation of $6.81 billion. Revenue rose 12 per cent in North America, its largest market, to $3.07 billion.
We are just about to start another earnings season, and Nike will start things off with its fiscal third quarter report this afternoon. As one of the higher growth stocks in the Dow, Nikes results could have a big impact on whether the bull market continues for a sixth straight year or gives way to a bigger correction than we have seen in years. Nike will issue its earnings release at about 4:15 p.m. EDT. The company will hold a conference call at 5 p.m. EDT to discuss the release and its financial results more broadly. Investors expect somewhat mixed results from Nike, with revenue set to rise substantially but earnings per share to drop somewhat.
Still, there were pockets of weakness, and shares slipped 3 percent in aftermarket trading. Future orders in China, where Nike has been grappling with slowing growth, fell 1 percent. And the company says it will continue to be hurt by the stronger dollar this quarter. The stronger dollar can affect U.S. companies that sell goods overseas when they translate foreign income back into U.S. currency. Nike is also dealing with higher costs for raw materials like chemicals and leather as well as labor. Still, the Beaverton, Ore. based company got a boost from big revenue gains, particularly in Europe.
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