Company News: Nike’s (NKE) quarterly results beat analysts’ expectations

Market news

28 September 2016

Company News: Nike’s (NKE) quarterly results beat analysts’ expectations

Nike (NKE) reported Q1 FY 2017 earnings of $0.73 per share (versus $1.34 in Q1 FY 2016), beating analysts' consensus estimate of $0.56.

The company's quarterly revenues amounted to $9.061 bln (+7.7% y/y), beating analysts' consensus estimate of $8.865 bln.

However, Nike's FY 2017 outlook remained unchanged, with revenue projected to grow at a high-single-digit rate.

NKE fell to $54.00 (-2.42%) in pre-market trading.

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