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Earnings Analysis: 
Nike Beats Estimate on 8% Revenue Growth
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:55 AM ET September 19 2005


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Nike Inc., footwear and apparel maker, posted 1Q earnings of $1.61 a share, up from a year-earlier profit of $1.21 a share.

 
Nike Inc. (NKE: chart) announced that revenue jumped 8% to $3.86 billion from $3.56 billion in the same period a year ago. The analysts’ forecasts were for a profit of $1.42 a share on revenue of $3.82 billion.

Carnival Corporation & plc (CCL: chart) cruise vacation group posted record 3Q net income of $1.36 per share, up from $1.22 per share on revenues of $3.61 billion vs. $1.03 billion in the comparable period.

Sycamore Networks, Inc. (SCMRE: chart) optical networking company reported 3Q net loss on a generally accepted accounting principles (GAAP) basis was 4 cents per share, flat with the year-ago period. 3Q non-GAAP net loss was 0 cents a share, up from 3 cents per share in the same period last year. 3Q revenue was $17.8 million, up vs. $14.7 million in the year-ago period.

Steelcase, (SCS: chart) office furniture company posted 2Q earnings of 9 cents a share, up from a nickel a share in the year-earlier period on 8% revenue growth, missing analysts’ forecasts of 14 cents a share.

Marcus Corp. (MCS: chart) operator of movie theaters and hotel properties posted 1Q earnings of 51 cents a share, down vs. a year-earlier profit of 61 cents a share on revenue growth, beating analyst estimate of 39 cents a share. On a continuing operations basis, the Milwaukee gained $12.3 million, or 40 cents a share in the quarter.
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