Pros are bullish on Nike after its latest quarterly results. Here’s what they say

by | Oct 3, 2023 | Financial

Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros are bullish on the sports apparel giant after Nike posted its fiscal first-quarter results last Thursday. The company missed Wall Street’s expectations for the first time in two years, coming in at $12.94 billion, versus the $12.98 billion anticipated by analysts, per LSEG, formerly known as Refinitiv. However, earnings came in above analysts’ estimates, with Nike posting 94 cents per share, compared to expectations of 75 cents per share. Jim Lebenthal of Cerity Partners bought Nike and explained why he is getting the name at a good price.

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