Nike Stock Jumps as Sales, Profits Top Estimates in New CEO's First Quarter

Nike (NKE) shares jumped in extended trading Thursday after the athletic apparel maker topped analysts' estimates with its fiscal second-quarter results, its first since new CEO Elliott Hill took over in October. The sneaker giant reported net income of $1.16 billion on revenue of$12.35 billion, above analysts' estimates of $968 million in net income on revenue of$12.12 billion, per Visible Alpha. Last year, Nike posted a profit of $1.58 billion on$13.39 billion in revenue. "We're taking immediate actio ...