Company News: NIKE (NKE) quarterly results beat analysts’ estimates

Market news

22 December 2017

Company News: NIKE (NKE) quarterly results beat analysts’ estimates

NIKE (NKE) reported Q2 FY 2018 earnings of $0.46 per share (versus $0.50 in Q2 FY 2017), beating analysts' consensus estimate of $0.40.

The company's quarterly revenues amounted to $8.554 bln (+4.6% y/y), beating analysts' consensus estimate of $8.394 bln.

The company also said it expected to see Q3 revenue growth at or slightly below the rate of Q2. For FY 2018, it projected revenue growth in the mid-single digit range (versus analysts' consensus of +4%).

NKE fell to $63.20 (-2.42%) in pre-market trading.

U.S.: Durable goods orders ex defense, November 1% (forecast 0.9%)

The UK’s current account deficit was £22.8 billion in Q3

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