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

Market news

27 September 2017

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

NIKE (NKE) reported Q1 FY 2018 earnings of $0.57 per share (versus $0.73 in Q1 FY 2017), beating analysts' consensus estimate of $0.48.

The company's quarterly revenues amounted to $9.070 bln (+0.1% y/y), generally in-line with analysts' consensus estimate of $9.085 bln.

NIKE also reaffirmed mid-single digit revenues growth (versus consensus of +4.7% y/y). At the same time, the gross margin is seen to drop 50-100 bps.

NKE fell to $52.00 (-3.17%) in pre-market trading.

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