Nike Earnings Sprint Past Expectations, Reports $6.97 Billion in Revenues

Nike has been the best performer in the Dow over the past year. They announced earnings Thursday that beat analyst estimates. The street was looking for 72 cents a share on $6.68 billion in revenues. Instead Nike was able to deliver 76 cents a share with $6.97 billion in revenues. Nike plans on continuing the strong showing in the coming year. Expectations include increased orders worldwide of clothing and shoes for delivery in the next five months.