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

Market news

23 September 2020

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

NIKE (NKE) reported Q2 FY 2020 earnings of $0.95 per share (versus $0.86 per share in Q2 FY 2019), solidly beating analysts’ consensus estimate of $0.50 per share.

The company’s quarterly revenues amounted to $10.594 bln (-0.6% y/y), beating analysts’ consensus estimate of $9.148 bln.

NKE rose to $131.83 (+12.80%) in pre-market trading.

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