Nike Inc. (NYSE:NKE) Surpasses Earnings and Revenue Estimates

Nike Inc. (NYSE:NKE) reported an EPS of $0.53, beating the estimated $0.37 and marking a significant earnings surprise of 43.24%.The company's revenue for the quarter was $12.43 billion, exceeding expectations and showcasing a slight increase from the previous year.Despite a decrease in profit margins, Nike's financial metrics indicate strong liquidity and a balanced financing approach, with a P/E ratio of 38.43 and a current ratio of 2.19.Nike Inc. (NYSE:NKE) is a global leader in the design, development, ...