. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business.
The footwear giant posted earnings of 86 cents per share and revenue of $10.66 billion, far exceeding the 70 cents per share increase on revenue of $10.44 billion Wall Street had expected, according to Refinitiv consensus estimates.shares dipped 3.5% after the company announced a new offering of $3 billion Series A mandatory preferred stock to the public, to be converted intro common stock in late September of 2022.
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Momentum stocks are out of favor this month, but one technical analyst sees a comebackMomentum stocks are taking a breather this month, but Oppenheimer's Ari Wald sees the trade coming back into favor.
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UBS: These 10 'crowded' stocks are especially vulnerable to a sharp sell-offA UBS note included Visa, Google-parent Alphabet, and Comcast among the most 'overweight' stocks in active funds around the world.
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