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

Market news

28 June 2019

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

NIKE (NKE) reported Q4 FY 2019 earnings of $0.62 per share (versus $0.69 in Q4 FY 2018), missing analysts’ consensus of $0.66.

The company’s quarterly revenues amounted to $10.184 bln (+4.0% y/y), generally in line with analysts’ consensus estimate of $10.154 bln.

The company also said it expected Q1 FY 2020 revenue growth to be in-line to slightly above Q4 reported revenue growth.

NKE fell to $83.39 (-0.32%) in pre-market trading.

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