Nike Inc. (NKE) reported third quarter net income from continuing operations of $0.73 per share after the bell Thursday, up from $0.61 per share last year. The consensus estimate was for EPS of $0.67.
Nike gapped open sharply higher Friday and climbed throughout the first half of the morning, before settling into a range. The stock finished with a gain of 5.93 at $59.53, with volume at nearly a 9-month high. Nike surged past resistance and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.