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

Market news

23 March 2018

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

NIKE (NKE) reported Q3 FY 2018 earnings of $0.68 per share (versus $0.68 in Q3 FY 2017), beating analysts' consensus estimate of $0.53.

The company's quarterly revenues amounted to $8.984 bln (+1.5% y/y), beating analysts' consensus estimate of $8.853 bln.

The company also announced it had acquired consumer data analytics firm Zodiac to help accelerate Consumer Direct Offense strategy to serve consumers faster and more personally at scale. It did not disclose the financial terms of the deal.

NKE rose to $67.25 (+4.39%) in pre-market trading.

Fitch says U.S. Govt's proposal to impose tariffs on some imports from China unlikely to have significant impact on Chinese or global economy

Russia Central Bank key rate decrease to 7.25 % (fcast 7.25 %) vs prev 7.5 %

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