Nike Inc.’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported early holiday earnings and sales are tracking solidly higher than Wall Street expected, though inventories remain high and a forecast could still loom.
Analysts surveyed by FactSet had expected on average net earnings of 64 cents a share on revenue of $12.58 billion.
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:
People need shoes
SlaveLabor
Profits are easy when workers make less than $3 an hour! KingJames seems to enjoy the cheap labor! Nike !
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike stock jumps after earnings and revenue top expectationsNike earnings and revenue top estimates, but inventories and costs rise who can keep buying $150 sneakers designed to last 3 months and make your back hurt? They make them pennies on the dollar and pay handsome fees to sport figures and ad agencies. WS is never fucking happy
Source: CNBC - 🏆 12. / 72 Read more »
Tesla gets downgraded on Wall Street over Elon Musk's Twitter antics, banning of journalists | CNN BusinessElon Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market sentiment around Tesla, and risks sparking a backlash from advertisers and consumers, a Wall Street analyst warned on Monday. elonmusk Jajajaja fake 💩 Those who speak of a country governed by the rule of law as a liberal democracy are liars.
Source: cnni - 🏆 326. / 59 Read more »
Stock Market Today: Stock Futures Wobble; Yen Surges on Bank of Japan ShiftBond yields jumped and the yen surged after the Bank of Japan surprised markets by loosening its yield-curve control policy The interest rate on a 10-year US Treasury overlayed with the price of $1 US in Japanese Yen. economy $EWJ $HEWJ $FLJP $FLJH
Source: WSJ - 🏆 98. / 63 Read more »
Stocks edge lower in uncertain trading on Wall StreetWall Street futures pointed higher early Monday as markets try rebound from back-to-back weekly losses, driven by fears that interest rate hikes by the Federal Reserve and other central banks might tip the U.S. and global economies into recession.
Source: denverpost - 🏆 13. / 72 Read more »