The rise was aided by increase in both revenues and margins along with reduced tax rates. The results also helped the company to beat Zacks Consensus Estimate who has 78 cents per share.
Along with this Nike’s total revenue grew 8% year over year to $6,971 million and also saw a rise in their gross profit growing to 11% from the year-ago quarter to $3,132 million.
The growth was driven by strong performances across all geographical except greater China.
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