Categories AlphaGraphs, Earnings, Leisure & Entertainment
Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates
Nike Inc.’s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market’s estimates and sent the NKE stock up by about 7% in the extended trading hours. The sportswear giant reported a profit of $0.95 per share, up 10% year-over-year. Revenue declined 1% to $10.59 billion on a reported basis.
NIKE Direct sales increased 12% with growth across all geographies. NIKE Brand digital sales increased 82% with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA.
Despite opening a majority of stores in the quarter, Nike experienced year-over-year declines in physical retail traffic across the marketplace due to COVID-19 impacts and safety-related measures,
“Our results this quarter continue to demonstrate NIKE’s full competitive advantage, as we strengthen our position in the midst of disruption,” said CEO John Donahoe.
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
