Growth was boosted by strong sales, especially a 27% increase in sales in Greater China that showed that Nike's transformation efforts are paying off.
Nike shares climbed to a record high Wednesday after reporting an earnings beat on Tuesday evening. The stock surged as much as 6.4% in early trading on the news. The earnings beat comes after two disappointing quarters for Nike and suggests the company's transformation efforts are paying off. Watch Nike trade live on Markets Insider. Nike hit a record high on Wednesday after reporting strong earnings that exceeded even the most optimistic Wall Street estimate.
Nike shares climbed to a record high Wednesday after reporting an earnings beat on Tuesday evening. The stock surged as much as 6.4% in early trading on the news. The earnings beat comes after two disappointing quarters for Nike and suggests the company's transformation efforts are paying off. Watch Nike trade live on Markets Insider. Nike hit a record high on Wednesday after reporting strong earnings that exceeded even the most optimistic Wall Street estimate.
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