Earnings

Nike reported quarterly earnings and revenue on Thursday that beat analysts’ expectations.

Shares of the company rose nearly 8 percent.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 52 cents vs. 46 cents expected
  • Revenue: $9.37 billion vs. $9.18 billion expected

Nike said fiscal second-quarter net income rose 10 percent to $847 million, or 52 cents per share, from $767 million, or 46 cents per share, a year earlier. The results topped estimates of 46 cents per share from analysts surveyed by Refinitiv.

Net sales increased by 10 percent to $9.37 billion, topping expectations of $9.18 billion.

Products You May Like

Articles You May Like

Amazon launches a credit card for the ‘underbanked’ with bad credit
Review: The 2019 F-150 Raptor is Ford’s most capable, fun 4X4 pickup truck
Cramer Remix: I don’t like this stock because of its exposure to US malls
Chip stocks are tanking after ‘depressing’ Broadcom earnings in a bad sign for market
CEO optimism takes a hit in the second quarter as trade headwinds persist

Leave a Reply

Your email address will not be published. Required fields are marked *