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

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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.

 

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