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

Market news

29 June 2018

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

NIKE (NKE) reported Q4 FY 2018 earnings of $0.69 per share (versus $0.60 in Q4 FY 2017), beating analysts' consensus estimate of $0.64.

The company's quarterly revenues amounted to $9.789 bln (+12.8% y/y), beating analysts' consensus estimate of $9.404 bln.

NKE (NKE) also moved up slightly its FY 2019 revenues expectations to a high single-digit range (prior mid- to high-single digit range); Q1 revenues growth is projected at same level versus analysts' consensus of +8%.

NKE rose to $78.90 (+10.04%) in pre-market trading.

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