Nike Q3 2024 Adj EPS $0.98 Beats $0.74 Estimate, Sales $12.429B Beat $12.281B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nike reported Q3 2024 adjusted EPS of $0.98, surpassing the $0.74 estimate, with sales of $12.429B also beating the $12.281B estimate, marking a 0.31% increase over the previous year.
March 21, 2024 | 8:16 pm
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POSITIVE IMPACT
Nike's Q3 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Nike's better-than-expected Q3 2024 earnings and sales figures suggest a positive outlook for the company's financial health and operational efficiency. This performance, especially in a competitive market, is likely to instill investor confidence and could lead to a short-term uptick in Nike's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100