NKE Oct 2024 130.000 call
| Previous Close | 0.3500 |
| Open | 0.3700 |
| Bid | 0.2800 |
| Ask | 0.9000 |
| Strike | 130.00 |
| Expire Date | 2024-10-18 |
| Day's Range | 0.3500 - 0.3900 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 313 |
- Yahoo Finance Video
Nike revenue misses estimates: What it will take to spur sales
Nike (NKE) reported mixed fourth quarter results. The athletic apparel giant reported adjusted earnings of $1.01 per share compared to the $0.85 estimate. However, revenue of $12.61 billion fell short of the $12.86 billion estimate. Morningstar senior equity analyst David Swartz thinks it was the revenue miss that sent shares lower in after-hours trading. The company reported slightly better-than-expected revenue numbers in China. Swartz thinks "the China numbers are still pretty low compared to what Nike should be doing and can do in China," adding that its sales recovery in the country is likely taking longer than many had hoped. On what could cause Nike to reignite sales growth, Swartz thinks new products will help, but that the impact likely won't be felt until late into fiscal 2025. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Investor's Business DailyNike Stock Retreats As Q4 Revenue Falls Short
Nike stock tumbled late Thursday after the Dow Jones athletic retailer reported fourth-quarter results. Sales came in short of forecasts.
StockStoryNike (NYSE:NKE) Misses Q2 Sales Targets, Stock Drops
Athletic apparel brand Nike (NYSE:NKE) missed analysts' expectations in Q2 CY2024, with revenue down 1.7% year on year to $12.61 billion. It made a non-GAAP profit of $1.01 per share, improving from its profit of $0.66 per share in the same quarter last year.
