Company News: NIKE (NKE) Q4 earnings beat analysts’ estimate

Market news

29 June 2016

Company News: NIKE (NKE) Q4 earnings beat analysts’ estimate

NIKE reported Q4 FY 2016 earnings of $0.49 per share (versus $0.98 in Q4 FY 2015), beating analysts' consensus of $0.48.

The company's quarterly revenues amounted to $8.244 bln (+6% y/y), slightly missing consensus estimate of $8.277 bln.

NIKE reiterates FY17 revenue guidance, projecting growth at a high single digit rate.

NKE fell to $51.07 (-3.80%) in pre-market trading.

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