Nike shares fall despite earnings beat
But sales growth in North America comes in slightly weaker than expected.on Thursday reported quarterly earnings and sales that beat analysts expectations, as more customers flocked to its stores for limited-edition Jordan sneakers and ordered athletic apparel from its website.
Here's how Nike performed during the latest quarter compared with what analysts were expecting, based on Refinitiv data:Revenue: $10.33 billion vs. $10.09 billion expected Net income rose to $1.12 billion, or 70 cents a share, in the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a year ago. That was better than the 58 cents analysts were expecting, based on Refinitiv data.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Progress toward gender equality 'stalled' in North America in 2019, study showsNorth America's gender gap will take 151 years to close—longer than Europe and Africa—according to a report from the World Economic Forum.
Read more »
Michael Avenatti pleads not guilty to new Nike extortion indictmentMichael Avenatti pleaded not guilty on Tuesday to an indictment accusing him of trying to extort as much as $25 million from Nike Inc by threatening to go public with claims the company made improper payments to athletes. Clasping his hands behind his back, the celebrity lawyer, who gained fame representing
Read more »
Kim Kardashian Had to Photoshop North Into the Family Christmas CardShe says her daughter “refused” to have her picture taken.
Read more »
Who are the Conservatives’ new voters in the north?Boris Johnson won over a wall of seats across the north and the Midlands that had not voted Tory in decades—or ever
Read more »
Your Everything-Guide to the North and South Nodes In Your Birth ChartNBD, they just “tell a story of fate and destiny.” Totally casual!
Read more »
The Best States For Business 2019: North Carolina And Texas On TopNorth Carolina has the best business climate in the U. S. and tops Forbes’ Best States for Business ranking for the third year in a row.
Read more »