Nike stock rallies after big earnings beat

Nike Inc. shares surged in the extended session Tuesday after the athletic apparel company blew past Wall Street estimates for the quarter.

Nike NKE, +3.08% shares rallied 8% after hours, following a 3.1% rise in the regular session to close at $116.87. The company reported fiscal first-quarter net income of $1.52 billion, or 95 cents a share, compared with $1.37 billion, or 86 cents a share, in the year-ago period. Revenue declined to $10.59 billion from $10.66 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 47 cents a share on revenue of $9.13 billion.

Nike shares are up 15% for the year, versus a 4% decline in the Dow Jones Industrial Average DJIA, +0.51%, of which Nike is a component, and compared with a 3% gain the S&P 500 index SPX, +1.05%.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tesla, Peloton, Nike: What to Watch When the Stock Market OpensTesla shares dropped in premarket trading ahead of the much-anticipated Battery Day event. Here's what else you should watch when the market opens. $TSLA $PTON $AMZN $FB $SPX Nasdaq WSJ, Still waiting on Tesla to Break Ground on their NEW PLANT... what’s the delay? Everyone knows Tesla is over valued. But no one want to sell a stock they are married to.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Tesla, Peloton, Nike: What to Watch When the Stock Market OpensTesla shares dropped in premarket trading ahead of the much-anticipated Battery Day event. Here's what else you should watch when the market opens. $TSLA $PTON $AMZN $FB $SPX Nasdaq WSJ, Still waiting on Tesla to Break Ground on their NEW PLANT... what’s the delay? Everyone knows Tesla is over valued. But no one want to sell a stock they are married to.
La source: WSJ - 🏆 98. / 63 Lire la suite »