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Nike Inc (NKE)'s Results Beat Estimates Confirming Hedge Funds' Love for the Stock

2015-09-25 18:49:48| Footwear - Topix.net

The stock of the sport apparel producer Nike Inc is heading towards ending the week on a positive note after the company announced its financial results for the first quarter of fiscal 2016 that topped the estimates. For the three months ended August 31, Nike posted revenue of $8.41 billion, up by 5% on the year, while its diluted EPS advanced by 23% on the year to $1.34.

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