Nike shares hit all-time high as new products drive sales, earnings top expectations

An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017.on Tuesday reported quarterly earnings and sales that topped analysts' expectations, as investments it's made to sell more directly to customers showed signs of paying off.Here's how the company did for the first quarter in fiscal 2020 compared with what analysts were expecting, based on a poll by Refinitiv:Revenue: $10.66 billion vs. $10.

Net income for the quarter ended Aug. 31 climbed to $1.37 billion, or 86 cents a share, from $1.09 billion, or 67 cents per share, a year ago. That was better than expectations of 70 cents reported by Refinitiv.

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.

Three before you leave — What to watch for in the market Tuesday, including trade deals and NikeHere are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.
Source: CNBC - 🏆 12. / 72 Read more »