• Company News: Nike (NKE) reported mixed quarterly results

Market news

22 March 2017

Company News: Nike (NKE) reported mixed quarterly results

Nike reported Q3 FY 2017 earnings of $0.68 per share (versus $0.55 in Q3 FY 2016), beating analysts' consensus estimate of $0.53.

The company's quarterly revenues amounted to $8.432 bln (+5% y/y), generally in-line with analysts' consensus estimate of $8.467 bln.

The company also revealed its worldwide futures were down 4% in Q3 and announced it expected its revenues to grow in the mid-single digit range in Q4 (slightly below Q3 reported rate of growth).

NKE fell to $54.76 (-5.60%) in pre-market trading.

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