Business

Nike shares jump 8% after earnings, revenue beat

Nike reported quarterly earnings and revenue on Thursday that beat analysts’ expectations.

Shares of the company rose nearly 8 percent.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 52 cents vs. 46 cents expected
  • Revenue: $9.37 billion vs. $9.18 billion expected

Nike said fiscal second-quarter net income rose 10 percent to $847 million, or 52 cents per share, from $767 million, or 46 cents per share, a year earlier. The results topped estimates of 46 cents per share from analysts surveyed by Refinitiv.

Net sales increased by 10 percent to $9.37 billion, topping expectations of $9.18 billion.

Products You May Like

Articles You May Like

At 25, Metafilter Feels Like a Time Capsule From Another Internet
Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage
The Metaverse Was Supposed to Be Your New Office. You’re Still on Zoom
Amazon Ramps Up Security to Head Off Project Nimbus Protests
AI Can’t Replace Teaching, but It Can Make It Better

Leave a Reply