Nike Earnings Handily Beat Estimates, While Revenue Misses Slightly

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Revenue of $12.9 billion for the latest quarter was just shy of expectations for $13 billion in revenue, but earnings were well ahead of the Street's...

Nike ‘s quarterly revenue came in slightly below expectations, but the miss was overshadowed by the company’s stronger-than-expected earnings.

Shares of Nike ticked up 1.3% to $90.82 in after-hours trading Thursday. The stock is down 23% this year. “NKE is one of the biggest battleground stocks in our coverage,” wrote Rick Patel, analyst at Raymond James, in a Tuesday note to clients. Patel has an Outperform rating on the stock. It doesn’t help that the economy of one of Nike’s biggest growth markets—China—is still sputtering. The macroeconomic headwinds in both of the company’s largest markets could lead Nike’s management team to lower their fiscal-second-quarter guidance, added Citi’s Paul Lejuez. Lejuez has a Neutral rating on the stock.

Telsey Advisory Group’s Cristina Fernandez agrees. The company seems to be in a “better inventory position than other brands,” she says. It will, however, likely still have to discount some products through the holiday season to keep up with competitors who may still have overburdened inventories.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Nike earnings on deck with focus on US consumer demand, profit marginsA gloomy outlook from Foot Locker, as well as ongoing weakness in China, will challenge Nike’s near-term sales forecasts.
출처: startelegram - 🏆 248. / 63 더 많은 것을 읽으십시오 »

Costco tops quarterly earnings expectations, even as sales remain softCostco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »

Accenture Stock Drops as Earnings Outlook Misses ExpectationsAccenture posts fiscal fourth-quarter earnings of $2.71 a share on revenue of $15.99 billion.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Nike Earnings Are Here. Wall Street Is Torn Over What to Expect.With demand for athletic wear slowing, the debate between the bears and the bulls rages on.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

CarMax Stock Slides on Earnings. Quarterly Revenue Declined 13%.The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

CarMax Stock Slides on Earnings. Quarterly Revenue Declined 13%.The used-car seller says 'vehicle affordability challenges' weighed on second-quarter sales.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »