Nike Q2 EPS $1.03 Beats $0.85 Estimate, Sales $13.39B Miss $13.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nike reported Q2 earnings of $1.03 per share, surpassing the consensus estimate of $0.85, representing a 21.18% year-over-year increase. Quarterly sales reached $13.39B, exceeding estimates of $12.43B and marking a 0.55% increase from the previous year.
December 21, 2023 | 9:15 pm
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POSITIVE IMPACT
Nike's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance and potential positive investor sentiment.
Nike's earnings beat is significant, exceeding estimates by over 21%, which is likely to instill confidence in investors and could lead to a short-term uptick in stock price. The sales beat further reinforces the positive outlook, suggesting that the company is maintaining growth and outperforming market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100