Company News: NIKE (NKE) posts mixed quarterly results

Market news

25 March 2020

Company News: NIKE (NKE) posts mixed quarterly results

NIKE (NKE) reported Q3 FY 2020 earnings of $0.53 per share (versus $0.68 per share in Q3 FY 2019), missing analysts' consensus estimate of $0.55 per share.

The company's quarterly revenues amounted to $10.104 bln (+5.1% y/y), beating analysts' consensus estimate of $9.559 bln.

The company declined to provide Q4 FY 2020 guidance due to virus; it also noted liquidity would not be an issue.

NKE rose to $78.10 (+7.98%) in pre-market trading.

Canada: BoC to cut rates to 0.25% – TDS

UK retail sales volume balance fell less than forecast in March - CBI

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