How To Earn $500 A Month From Nike Stock Following Quarterly Report
Portfolio Pulse from Avi Kapoor
Nike, Inc. (NYSE:NKE) reported Q2 earnings of $1.03 per share, beating analyst expectations of 85 cents but missing revenue estimates with $13.39 billion against the expected $13.43 billion. The company offers a 1.37% annual dividend yield, equating to 37 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $437,994 or 4,054 shares is needed. Nike shares fell 11.8% to close at $108.04 on Friday.
December 26, 2023 | 1:13 pm
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Nike's Q2 earnings surpassed expectations, but revenue fell short. The stock offers a 1.37% dividend yield, and shares dropped 11.8% following the report.
The mixed earnings report with a beat on EPS but a miss on revenue could lead to short-term negative sentiment among investors. The significant drop in share price on Friday indicates a strong market reaction to the news. While the dividend yield may attract some investors, the immediate impact of the earnings report is likely to be negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100