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Nike stock rallies after company beats quarterly revenue, profit expectations
Shares of Nike Inc. NKE, +7.40% rallied more than 7% in the extended session Thursday after the retailer reported fiscal second-quarter earnings above Wall Street expectations and said it sees "momentum" in the next year. Nike earned $847 million, or 52 cents share, in the quarter, compared with $767 million, or 46 cents a share, in the year-ago quarter. Revenue rose 10% to $9.4 billion. Analysts polled by FactSet had expected GAAP earnings of 45 cents a share on sales of $9.2 billion.
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https://www.marketwatch.com/story/nike-s...2018-12-20
Shares of Nike Inc. NKE, +7.40% rallied more than 7% in the extended session Thursday after the retailer reported fiscal second-quarter earnings above Wall Street expectations and said it sees "momentum" in the next year. Nike earned $847 million, or 52 cents share, in the quarter, compared with $767 million, or 46 cents a share, in the year-ago quarter. Revenue rose 10% to $9.4 billion. Analysts polled by FactSet had expected GAAP earnings of 45 cents a share on sales of $9.2 billion.
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https://www.marketwatch.com/story/nike-s...2018-12-20
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