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Nike Inc. (NKE) reported fiscal 2022 financial results for its third quarter ended February 28, 2022.
The US sporting goods giant reported revenue of $10.871 billion (up by 5% year-over-year), beating analyst estimates of $10.598 billion.
Earnings per share also beat Wall Street expectations at $0.87 per share vs. $0.71 per share expected.
John Donahoe, President and CEO of Nike commented on the latest financial results: “NIKE’s strong results this quarter show that our Consumer Direct Acceleration strategy is working, as we invest to achieve our growth opportunities.”
“Fueled by deep consumer connections, compelling product innovation and an expanding digital advantage, we have the right playbook to navigate volatility and create value through our relentless drive to serve the future of sport,” he added.
Nike Inc. chart
Share price of Nike was little changed at the end of trading day on Monday, down by 0.80% at $129.50 per share. The stock rose in the after-hours trading following the latest results – up by around 6%.
Here is how the stock has performed in the past year –
Nike is the 54th largest company in the world with a market cap of $205.86 billion.
You can trade Nike Inc. (NKE) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Nike Inc., TradingView, MetaTrader 5, CompaniesMarketCap
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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