Nike Q1 EPS $0.70 Beats $0.52 Estimate, Sales $11.59B Miss $11.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nike reported Q1 earnings per share of $0.70, beating the estimate of $0.52, but sales of $11.59 billion missed the $11.65 billion estimate. Both earnings and sales decreased compared to the same period last year.
October 01, 2024 | 8:15 pm
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Nike's Q1 earnings per share of $0.70 exceeded expectations, but sales of $11.59 billion fell short. Both earnings and sales decreased compared to the previous year.
Nike's earnings per share beat expectations significantly, which is positive. However, the sales miss and year-over-year declines in both earnings and sales could offset the positive EPS surprise, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100