Shares of Nike and its peers rose on Friday after the athletics-gear company’s earnings relieved concerns about discounting. It’s a much-needed boost for Nike and the sportswear sector overall.
“A big sigh of relief will be the likely investor reaction,” wrote Jefferies analyst James Grzinic. He said key positives were Nike’s falling inventory and maintained guidance for growth in sales and an improved gross margin.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Nike stock rallies after earnings beat, boosting Foot Locker sharesNike, Foot Locker and Bionomics are stocks in the spotlight
Läs mer »
Tesla Inc. stock rises Thursday, outperforms marketShares of Tesla Inc. advanced 2.44% to $246.38 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ...
Läs mer »
Meta Platforms Inc. stock rises Thursday, outperforms marketShares of Meta Platforms Inc. rallied 2.09% to $303.96 Thursday, on what proved to be an all-around great trading session for the stock market, with the...
Läs mer »
Microsoft Corp. stock rises Thursday, still underperforms marketShares of Microsoft Corp. inched 0.27% higher to $313.64 Thursday, on what proved to be an all-around positive trading session for the stock market, with the...
Läs mer »