ASAP fashion news archive - apparel industry news from before September 2005
This page is part of the ASAP fashion news archive on Apparel Search, which collected apparel, fashion and textile industry news from before September 2005. For current coverage, see the Apparel Search news page and the fashion blog.
From: ASAP
Nike announced a drop in profits that nonetheless beat Wall Street's first-quarter earnings expectation by four cents. Nike posted earnings of $204 million, or $0.75 per share, compared to $210 million, or $0.77 per share, in the year-ago period. Revenue fell slightly year-over-year to $2.61 billion. The company had planned on reporting Monday, but postponed due to the terrorist attacks.