Categories AlphaGraphs, Consumer, Earnings, Retail
Infographic: Nike reports stronger-than-expected Q3 earnings; revenues miss
Nike, Inc. (NYSE: NKE) said its third-quarter profit grew in double-digits as the ongoing demand recovery boosted sales. Earnings also topped expectations, while the top-line missed.
Reflecting the improvement in demand conditions, third-quarter revenues grew 3% annually to $10.36 billion. As a result, net profit moved up to $1.45 billion or $0.90 per share from $847 million or $0.53 per share in the third quarter of 2020. Analysts were looking for slower growth.
Read management/analysts’ comments on Nike’s Q3 results
Shares of Nike entered 2021 on an upbeat note and hit an all-time high in the early weeks. They closed Thursday’s trading lower and continued to lose in the after-hours following the quarterly report.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
