It has been a challenging yr for Nike. The stock has plummeted practically 40%, battered by trader worries around slowing demand and stock problems. But a next-quarter earnings and product sales conquer on Tuesday boosted hopes that the athletic giant’s luck is transforming, sending the stock better in soon after-hrs buying and selling.
Nike (ticker:
NKE
) posted GAAP earnings of 85 cents a share on $13.3 billion in product sales. Analysts were being forecasting earnings of 67 cents a share on $12.58 billion in product sales for the quarter, according to FactSet.
It has been a challenging yr for Nike. The stock has plummeted practically 40%, battered by trader worries around slowing demand and stock problems. But a next-quarter earnings and product sales conquer on Tuesday boosted hopes that the athletic giant’s luck is transforming, sending the stock better in soon after-hrs buying and selling.
Nike (ticker:
NKE
) posted GAAP earnings of 85 cents a share on $13.3 billion in product sales. Analysts were being forecasting earnings of 67 cents a share on $12.58 billion in product sales for the quarter, according to FactSet.
