Nike Should Keep Jogging Higher


Chris Laudani

 | Jul 01, 2014 | 9:00 AM EDT
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Last Friday, Nike (NKE) reported fiscal fourth-quarter results. The company beat the Wall Street bottom-line estimate by $0.03 per share and implied that next year's earnings could grow above consensus. Can Nike continue to run higher, or will it get benched?

For the May quarter, Nike's earnings came to $0.78 per share. Revenue rose 10.9% to $7.42 billion. Orders for North America totaled $13.3 billion, 11% higher than last year. Gross margin increased 120 basis points to 45.6%, mostly due to higher average selling prices and continued growth in the direct-to-consumer business (DTC). DTC was up 22% year over year....431 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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