News Formal

Nike shares hit all-time high as new products drive sales, earnings top expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Nike shares jump on earnings, sales beat

An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017.on Tuesday reported quarterly earnings and sales that topped analysts' expectations, as investments it's made to sell more directly to customers showed signs of paying off.Here's how the company did for the first quarter in fiscal 2020 compared with what analysts were expecting, based on a poll by Refinitiv:Revenue: $10.66 billion vs. $10.

Net income for the quarter ended Aug. 31 climbed to $1.37 billion, or 86 cents a share, from $1.09 billion, or 67 cents per share, a year ago. That was better than expectations of 70 cents reported by Refinitiv.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Three before you leave — What to watch for in the market Tuesday, including trade deals and NikeHere are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.
Source: CNBC - 🏆 12. / 72 Read more »