Company News: NIKE (NKE) posts surprise quarterly loss

Market news

26 June 2020

Company News: NIKE (NKE) posts surprise quarterly loss

NIKE (NKE) reported Q4 FY 2020 loss of $0.51 per share (versus earnings of $0.62 per share in Q4 FY 2019), worse than analysts’ consensus estimate of $0.04 per share.

The company’s quarterly revenues amounted to $6.313 bln (-38.0% y/y), missing analysts’ consensus estimate of $7.261 bln.

NKE fell to $98.28 (-3.08%) in pre-market trading.

EUR/USD trades in a potential bull flag with resistance seen at 1.1232 - Credit Suisse

UK's finance minister Sunak: We are past the acute phase of the crisis

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.