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

Market news

20 December 2019

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

NIKE (NKE) reported Q2 FY 2020 earnings of $0.70 per share (versus $0.52 in Q2 FY 2019), beating analysts' consensus estimate of $0.58.

The company's quarterly revenues amounted to $10.326 bln (+10.2% y/y), beating analysts' consensus estimate of $10.090 bln. Meanwhile, its gross margin increased 20 bps y/y to 44.0% vs. analysts' consensus estimate of 44.1%.

NKE fell to $99.90 (-1.24%) in pre-market trading.

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