Nike (NYSE: NKE) reported earnings on Dec. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Nov. 30 (Q2), Nike met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.

Gross margins shrank, operating margins grew, net margins dropped.

Revenue details
Nike reported revenue of $5.96 billion. The 14 analysts polled by S&P Capital IQ expected revenue of $5.97 billion on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $5.73 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.14. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.00 per share. GAAP EPS of $0.84 for Q2 were 16% lower than the prior-year quarter's $1.00 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 42.5%, 20 basis points worse than the prior-year quarter. Operating margin was 11.7%, 70 basis points better than the prior-year quarter. Net margin was 6.4%, 180 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.07 billion. On the bottom line, the average EPS estimate is $1.39.

Next year's average estimate for revenue is $25.34 billion. The average EPS estimate is $5.21.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,290 members out of 2,413 rating the stock outperform, and 123 members rating it underperform. Among 682 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 660 give Nike a green thumbs-up, and 22 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nike is outperform, with an average price target of $104.07.

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