Company News: NIKE (NKE) Q3 Earnings Beat Expectations

Market news

23 March 2016

Company News: NIKE (NKE) Q3 Earnings Beat Expectations

NIKE reported Q3 FY2016 earnings of $0.55 per share (versus $0.89 in Q3 FY 2015), beating analysts' consensus of $0.47. The company's quarterly revenues amounted to $8.032 bln (+7.7% y/y), slightly missing consensus estimate of $8.201 bln.

NIKE provided financials guidance targets for Q4 and FY 2017. The company expects its revenue to grow at mid-single digit rate in Q4 (analysts forecast an increase of 8.9% y/y). For FY2017, NIKE projects its revenue to grow at high single digit rate and EPS to grow at low teen rate.

NKE fell to $61.50 (-5.24%) in pre-market trading.

WSE: Mid session comment

U.S.: MBA Mortgage Applications, March -3.3%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.