NKE stock is moving higher in Friday’s session after the world’s biggest sports apparel, accessories, and footwear company, Nike (NYSE:NKE), released its earnings for the fourth quarter, and the headline figures were a bit mixed.
Revenue Tops EstimateWhile Nike did manage to beat analysts’ estimates for its sales in China and North America, two key markets, its earnings missed the consensus for the fourth quarter. As per data collected by Bloomberg, the estimate for the company’s sales for the period that ended in May stood at $10.16 billion. Nike managed to beat that marginally by ...
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