Nike reports q2 earnings per share of $0.70

Nike, inc. reports fiscal 2020 second quarter results.q2 earnings per share $0.70.q2 earnings per share estimate $0.57 -- refinitiv ibes data.q2 revenue $10.3 billion versus refinitiv ibes estimate of $10.07 billion.at quarter-end, inventories for co were $6.2 billion, up 15 percent compared to prior year period.qtrly revenues for nike brand were $9.8 billion, up 12 percent on a currency-neutral basis.qtrly north america total revenue was $3,982 million versus $3,782 million reported last year.qtrly gross margin increased 20 basis points to 44.0 percent.qtrly selling and administrative expense increased 6 percent to $3.3 billion.qtrly europe, middle east & africa total revenue was $2,537 million versus $2,313 million reported last year.qtrly greater china total revenue was $1,847 million versus $1,544 million reported last year.qtrly revenue up 10% on reported basis, up 13% on a currency-neutral basis, driven by strong growth across all geographies.qtrly gross margin partially offset by impacts from higher product costs, primarily due to incremental tariffs in north america.
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