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

Market news

26 September 2018

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

NIKE (NKE) reported Q1 FY 2019 earnings of $0.67 per share (versus $0.57 in Q1 FY 2018), beating analysts' consensus estimate of $0.63.

The company's quarterly revenues amounted to $9.948 bln (+9.7% y/y), generally in-line with analysts' consensus estimate of $9.918 bln.

NKE fell to $82.70 (-2.46%) in pre-market trading.

Upgrades before the market open

The FTSE 100 Index rises slightly in mid-morning deals as miners and oil majors limit gains ahead of the U.S. Federal Reserve's interest-rate decision later. The FTSE is 0.05% or 3.49 points higher at 7511.05 mid-morning

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.