News Formal

Nike shares rise as earnings top estimates on strong North America demand

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Nike reported earnings and sales that topped analysts' estimates, thanks to robust demand in North America as consumers headed back to stores.

Nike reported net income for the three-month period ended Feb. 28 of $1.4 billion, or 87 cents per share, compared with $1.45 billion, or 90 cents a share, a year earlier. That topped profit estimates for 71 cents a share, according to Refinitiv data.

Sales rose 5% to $10.87 billion from $10.36 billion a year earlier, beating analysts' expectations for $10.59 billion. Nike said sales in its biggest market, North America, climbed 9%. Sales in Greater China, the company's third-biggest market behind its Europe, Middle East and Africa segment, fell 5% from the prior year.Find the full earnings press release from Nike

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

here are my naked photos

France Dernières Nouvelles, France 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 Delivery Day, Amazon union election, Nike earnings top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. see my naked photos
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »