Nike shares pop after mixed first quarter results. Here’s what the pros say

by | Sep 29, 2023 | Financial

Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros discussed the maker of Air Jordan athletic shoes after it reported mixed fiscal first-quarter results. Nike reported revenue of $12.94 billion instead of the expected $12.98 billion, but earnings beat expectations at 94 cents per share. The latest financials mark the first time in two years that the sneaker giant missed on revenue. Despite the mixed results, Nike shares surged Friday, closing up 6.7%.

Article Attribution | Read More at Article Source

Share This