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

Market news

25 June 2021

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

Nike (NKE) reported Q4 FY 2021 earnings of $0.93 per share (versus -$0.51 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.51 per share.

The company’s quarterly revenues amounted to $12.300 bln (+94.8% y/y), beating analysts’ consensus estimate of $11.019 bln.

The company also issued upside guidance for FY 2022, projecting revenues of above $50 bln versus analysts’ consensus estimate of $48.48 bln.

NKE rose to $149.69 (+12.04%) in pre-market trading.

GBP/USD looks capped by 1.3977/1.4018 - UOB

EUR/USD keeps the rangebound theme so far - Commerzbank

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