Nike beat quarterly profit expectations and posted a smaller-than-expected drop in revenue on Thursday, as customers flocked to the embattled sportswear brand's stores and website to buy newly released versions of performance and running shoes.
Nike Inc NKE will be reporting its second-quarter earnings on Thursday. Wall Street expects 64 cents in EPS and $12.13 billion in revenues as the company reports after market hours.
Nike will report fiscal second-quarter earnings after the bell. Analysts are expecting earnings per share of 64 cents on revenue of $12.18 billion, according to LSEG.
Ahead of Nike (NKE) earnings, Kevin Hincks examines the athleisure retailer and provides an example options trade. Meanwhile, Boeing (BA) announced a resumption of production for 767 and 777 jets.
Nike is scheduled to report earnings after Thursday's close. The stock hit a record high of $179.10/share in 2021 and is currently trading near $76.
Nike (NKE) is scheduled to report earnings after hours and has a recent history of making big moves in past quarters. Zach Warring believes the company has room to run up, arguing investor "expectations are too low.
Nike, Inc NKE will release earnings for its second quarter, after the closing bell on Thursday, Dec. 19.
Nike (NKE -1.41%) recently had a leadership change at the top that could have enormous implications for investors.
Nike (NKE -1.41%) is scheduled to report quarterly earnings results after the markets close on Dec. 19, which could have implications for stock market investors.
[Note: Nike fiscal year ends in May]
The footwear powerhouse has struggled with rising inventories, increasing competition, and sluggish consumer demand in key regions.
NKE Q2 results are expected to reflect a continued revenue slowdown due to headwinds related to the lifestyle business and market trends in China.