Nike shares spiked after the sports apparel maker easily blew past expectations.
The company reported earnings of $1.09 a share versus estimates of 88 cents a share, on revenue of $7.98 billion, exceeding expectations of $7.84 billion.
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"Fiscal year 2015 is off to a strong start. Our connection to consumers and ability to innovate, combined with our powerful global portfolio, is a complete offense," Mark Parker, President and CEO of Nike, said in a statement. "Nike has never been better positioned to realize our tremendous growth potential."
The company had reported earnings of 86 cents a share on revenue of $6.97 billion in the year-ago period.
Revenue increased 15 percent, with growth in nearly every product category, the company said. A shift to higher margin products contributed to a significant increase in gross margin to nearly 47 percent. Net income rose 23 percent.