Nike stock jumps on Q3 earnings beat

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Nike (NKE) reported better-than-expected third-quarter results. The athletic apparel retailer posted adjusted earnings per share of $0.77 compared to a $0.74...

) reported better-than-expected third-quarter results. The athletic apparel retailer posted adjusted earnings per share of $0.77 compared to a $0.74 estimate. Revenue of $12.43 billion topped expectations of $12.31 billion. Gross margin of 44.8% was just shy of the 45.1% estimate, while Greater China revenue of $2.08 billion was about in line with the estimate of $2.04 billion.

The mean of analysts' price targets for Lithium Americas Corp. points to a 60.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.Rated lowest margin fees by StockBrokers.com. Borrow against your securities at low cost. Rates subject to change. Your capital is at risk.

Discover how Warren Buffett amassed his $136 billion net worth, which is up by almost $16 billion this year, and how he spends his fortune.David Rosenberg: Bank of Canada is going to have to cut rates sooner and harder than the Fed -- Canadian oil driller Crescent Point Energy Corp. — which has overhauled its operations over the past five years — is changing its name to reflect its new identity.

 

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