NewsBreak – Nike Shares Jump on Big First Quarter Results By

© Reuters. – In a market in need of some good news, Nike Inc. (NYSE:) delivered. The athletic footware, equipment and apparel giant reported fiscal-first quarter that beat analyst estimates and the stock jumped 5% after hours.

Earnings in the quarter hit 86 cents a share, compared with an estimate of 70 cents from analysts polled by Earnings were up 28% from a year ago.

Revenue was up 7.1% from a year ago to $10.66 billion, ahead of the analyst estimate of $10.43 billion.

In spite of all the trade tensions. Greater China revenue jumped 22% year over year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *