Nike's Profit Up

Nike (NYSE: NKE) announced its results for the second quarter on December 20, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Investors cheered Nike's latest numbers as the company announced EPS and revenues that topped predictions. The company reported EPS of $1/share versus the 98 cents/share estimate and revenues of $5.7 billion versus the $5.63 billion estimate. EPS rose 6% while revenue climbed 18% from the same period last year.
Last quarter marked the third in a row of rising net income. Nike's revenue has grown during each of the past four quarters on a year-over-year basis.

Income:
Over the past year, Nike reported net income of $4.68/share. The company trumped analyst projections of $4.62 by 1.3%. According to the reported number, the company's income rose 3% from last year's levels.

Conference Call:
The conference call for second quarter earnings can be accessed here.

Official Comment:
"Our strong second quarter results demonstrate that the NIKE, Inc. portfolio is a powerful engine for growth," said Mark Parker, President and CEO, NIKE, Inc. "We're able to accomplish this by staying focused on what we do best - deliver innovative products and experiences that serve athletes, inspire consumers and reward our shareholders. Going forward we'll continue to use the unique power of our portfolio to drive growth, manage risk and connect with consumers."

Industry:
Nike's industry, retail-apparel and shoes, is currently reporting price/earnings growth of 1%.

What to Do Next:
That's it - now you have all the facts to help you decide whether to buy, sell or hang onto your Nike shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.

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(Estimates Source: Zacks)