Nike shares fall despite earnings beat, as North America disappoints

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Nike shares fall despite earnings beat

But sales growth in North America comes in slightly weaker than expected.on Thursday reported quarterly earnings and sales that beat analysts expectations, as more customers flocked to its stores for limited-edition Jordan sneakers and ordered athletic apparel from its website.

Here's how Nike performed during the latest quarter compared with what analysts were expecting, based on Refinitiv data:Revenue: $10.33 billion vs. $10.09 billion expected Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. That was better than the 58 cents analysts were expecting, based on Refinitiv data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nike❤️

30 x earnings selling cheap Chinese junk ... invest at your own peril!

Imagine that. fed bubble

They should have lied about their guidance. You will pay a price for telling the truth in this market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Best States For Business 2019: North Carolina And Texas On TopNorth Carolina has the best business climate in the U. S. and tops Forbes’ Best States for Business ranking for the third year in a row.
Source: Forbes - 🏆 394. / 53 Read more »