Key PointsNike shares have been under pressure since December, frustrating investors. Last night's report looked good at first glance, but shares were down in Friday's pre-market session. Several heavyweight analysts reiterated their Buy rating, however, so this could well be a solid entry opportunity. 5 stocks we like better than NIKEWith Nike Inc NYSE: NKE shares having been trading remarkably softer, compared to the broader equity market, in recent weeks, they needed to deliver a strong earnings report l ...

Stock futures slipped in premarket trading on Friday as markets took a breather after a two-day rally spurred by anticipation of interest rate cuts and AI enthusiasm. It was a rough day for sports apparel companies—Lululemon (LULU) stock tumbled after its full-year revenue and earnings guidance fell short of analyst estimates, raising concerns about stagnating U.S. sales. Nike (NKE) fell after its sales outlook also disappointed Wall Street. Treasury yields fell and the dollar climbed as Congress rushed to ...

Despite what its namesake might indicate, Nike Inc. (NYSE: NKE) has suffered a string of significant defeats in the last few days leading to an abysmal extended session performance that saw NKE shares dip 6.47% in the night between March 21 and 22 to below $100. NKE stock 1-day and extended session price chart. Source: GoogleIn the U.K. the clothes manufacturer sparked controversy and even calls for a boycott over a nation-unifying change to the design of the Cross of St. George on the kit of England’s nati ...

Key TakeawaysNike reported revenue and profit for the third quarter of fiscal 2024 that topped analysts' expectations.The company, however, said in its earnings call that revenue in the first half of fiscal 2025 is likely to decline low single digits as Nike shifts its product portfolio and contends with a subdued economic outlook. Nike shares initially jumped after the better-than-anticipated Q3 results but reversed course and finished the extended trading session down nearly 6%. Nike (NKE) stock fell near ...

NIKE, Inc. (NYSE:NKE) Q3 2024 Earnings Conference Call March 21, 2024 5:00 PM ET Company Participants Paul Trussell - VP, Corporate Finance and Treasurer John Donahoe - President and CEO Matthew Friend - CFO Conference Call Participants Jay Sole - UBS Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Michael Binetti - Evercore ISI Alex Straton - Morgan Stanley Robert Drbul - Guggenheim Securities Operator Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2024 Third Quarter Conference Call. For tho ...

Nike may have beaten the street with its fiscal year Q3 earnings, but it’s hardly taking a victory lap. Acknowledging that this was a “difficult time” for the brand, CEO John Donahoe told Thursday’s earnings call that some adjustments are in store, and that further distance from its direct-to-consumer initiatives may be necessary.“We need to sharpen our focus on sport, we must drive a continuous flow of new product innovation,” Donahoe said. “Our brand marketing must become bolder and more distinctive. And ...

Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on franchises to save costs.Nike’s warning came after the stock market closed, and shares were down 5.6% in extended trading. Executives acknowledged that Nike’s direct-to-consumer strategy was not driving growth as expected and that it was losing ground in the running category.In December, Nike outlined a $2 billion savings plan, which i ...

Key TakeawaysNike stock fell after markets closed on the company's third-quarter earnings.The athletic apparel brand surpassed analysts' revenue and income estimates.Nike paid out $562 million in dividends and bought back $866 million in stock during the third quarter.Executives reportedly laid out plans to continue scaling back inventory as part of plans to cut $2 billion in costs. Nike (NKE) stock fell in post-market trading Thursday on a fourth quarter earnings report that beat analysts' expectations in ...

Nike (NKE) reported $12.43 billion in revenue for the quarter ended February 2024, representing a year-over-year increase of 0.3%. EPS of $0.98 for the same period compares to $0.79 a year ago.The reported revenue represents a surprise of +1.22% over the Zacks Consensus Estimate of $12.28 billion. With the consensus EPS estimate being $0.69, the EPS surprise was +42.03%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Nike (NKE) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.03%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.84 per share when it actually produced earnings of $1.03, delivering a surprise of 22.62%.Over the last four quarters, the compa ...