• Don't Blame Kaepernick, But Nike Stock Dropped 4% After Its Earnings Report Was Released

    23 days ago - By Fortune

    Nike's stock tumbled more than 4% late Tuesday after the company reported earnings that were slightly better than analyst forecasts.
    While critics of the apparel giant's endorsement of Colin Kaepernick might be tempted to believe the backlash to the controversial ad campaign is to blame for the post-earnings selloff, there is reason to believe that bearish investors had other things on their minds.
    Nike's revenue in its fiscal first quarter ended Aug. 31 rose 10% to $9.95 billion, which was $10 million above the consensus forecast among Wall Street analysts. It posted earnings of 67 cents...
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  • Here come Nike earnings

    Here come Nike earnings

    23 days ago - By Business Insider

    Nike is set to report earnings after the market closes on Tuesday.
    Analysts forecast that the apparel giant will report $0.63 in adjusted earnings per share for its fiscal first quarter, and 10% revenue growth of $9.94 billion, according to estimates compiled by Bloomberg.
    They will be reading the earnings release and listening to the call for details on how several notable events impacted Nike's third-quarter performance, including the FIFA World Cup , investments in online stores , and the controversial Colin Kaepernick ad.
    During the most recent earnings call, executives emphasized the...
    Read more ...

     

  • Here come Nike earnings

    Here come Nike earnings

    23 days ago - By Business Insider

    Nike is set to report earnings after the market closes on Tuesday.
    Analysts forecast that the apparel giant will report $0.63 in adjusted earnings per share for its fiscal first quarter, and 10% revenue growth of $9.94 billion, according to estimates compiled by Bloomberg.
    They will be reading the earnings release and listening to the call for details on how several notable events impacted Nike's third-quarter performance, including the FIFA World Cup , investments in online stores , and the controversial Colin Kaepernick ad.
    During the most recent earnings call, executives emphasized the...
    Read more ...