Nike Q1 earnings beat, China revenue misses estimates

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Nike's (NKE) fiscal first quarter adjusted earnings per share of $0.94 topped analyst estimates of $0.75. Revenue slightly missed Street expectations, $12.94 billion versus the $12.99 billion estimate. Great China revenue of $1.74 billion missed estimates of $1.83 billion. Morningstar Equity Analyst David Swartz tells Yahoo Finance Live that margins were a little better than he had been expecting but that 'Nike has a history of consistently beating margin expectations, so you know, I think there's a little bit of sandbagging that Nike tends to bring down expectations to make it easier to beat them.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

) fiscal first quarter adjusted earnings per share of $0.94 topped analyst estimates of $0.75. Revenue slightly missed Street expectations, $12.94 billion versus the $12.99 billion estimate. Great China revenue of $1.74 billion missed estimates of $1.83 billion.

Now is an opportune time to invest in this no-brainer TSX stock and get +$30 extra dividend for decades on a $5,000 investment. The post With a 7.6% Dividend, This TSX Stock Is One to Buy Now and Hold for Decades appeared first on The Motley Fool Canada.Are you looking to earn regular income? Now is an opportune time to buy Dividend Aristocrats at discounts and accelerate your passive income.

 

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

 /  🏆 47. 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.

Government shutdown looms, Nike earnings on tap: Yahoo Finance LiveRepublican Senator Rick Scott of Florida will discuss the state of play in Washington at 4:00 p.m. ET. On the earnings front, Nike (NKE) will be in focus when it releases its fiscal first quarter results after the market close. Trending tickers include Chicos (CHS), Workday (WDAY), and Jabil (JBL).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Tiffany Wilding, PIMCO Managing Director and Economist3:50 p.m. ET - Naveen Jaggi, JLL President of Retail4:05 p.m. ET -  Sen. Rick Scott, R-Florida4:20 p.m. ET -  David Swartz, Morningstar Equity Analyst4:30 p.m. ET -  Mark Penn, Stagwell Chairman and CEO
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nike earnings preview: Wholesale sales, China and consumer demand in the spotlightNike is set to report earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and any impacts from slower growth in China.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nike Q1 earnings expectations for ThursdayNike (NKE) is set to report its fiscal first quarter 2023 earnings results on Thursday, September 28. Wall Street analysts expect the sports apparel giant to post revenue of approximately $13 billion for the quarter with earnings per share forecasted at $0.75 on an adjusted basis. In addition, analysts estimate Nike's gross margin for the quarter to come in at 43.7%, compared to 44.3% in the same period last year. Yahoo Finance's Josh Schafer previews Nike's first-quarter earnings and gives insights into what could impact these earnings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Coinbase CEO Brian Armstrong exclusive, Meta’s VR announcements: Yahoo Finance LiveIn an exclusive interview with Yahoo Finance airing at 3:30 p.m. ET, Coinbase (COIN) CEO Brian Armstrong calls out what he sees as “harassment” from the Securities and Exchange Commission. In tech news, Meta (META) is unveiling its latest virtual reality products. Other trending tickers on Yahoo Finance include NextEra Energy (NEE), Palantir (PLTR), and Pfizer (PFE).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Fmr. Rep. Joe Crowley, (D) New York3:20 p.m. ET - Jeremy Schwartz, WisdomTree Global Chief Investment Officer3:20 p.m. ET - Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments3:30 p.m. ET - Brian Armstrong, Coinbase CEO4:05 p.m. ET - Rep. Marc Molinaro, (R) New York4:15 p.m. ET - Daniel Morgan, Synovus Trust Senior Portfolio Manager4:30 p.m. ET - Tom Narayan, RBC Capital Markets Lead Equity Analyst, Global Autos
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall Street hopes for bounce-back, Coinbase CEO joins YF: Yahoo Finance LiveMarkets are looking to recover from a rough day of trading yesterday. The Dow saw its worst day of trading since March, dragged down by recent signals from the Fed and growing concerns over a government shutdown. In crypto, SEC Chair Gary Gensler is set to testify before the House over Bitcoin ETFs. Yahoo Finance has an exclusive interview with Coinbase CEO Brian Armstrong (COIN) at 3 p.m. ET to get his thoughts on the testimony and much more. Trending tickers today include Costco (COST), Amazon (AMZN), and Rivian (RIVN).Top guests today include:9 a.m. ET - Tom Forte, D.A. Davidson Managing Director, Senior Research Analyst9:20 a.m. ET - Takeshi Niinami Suntory Holdings CEO9:40 a.m. ET - Maya MacGuineas, Committee for a Responsible Federal Budget President10:40 a.m. ET - Isabella Casillas Guzman, SBA Administrator11:00 a.m. ET - Fmr. Sen. Byron Dorgan (D) North Dakota
Source: YahooFinanceCA - 🏆 47. / 63 Read more »