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After The Bell

Nike Inc. (NKE) Is Falling After Q4 Revenues Fell Short Of Expectations

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Nike Inc. (NKE) reported fourth quarter EPS of $0.49 after the bell Tuesday, which was flat with the prior year result. Street expectations were for EPS of $0.48. Revenues rose 6 percent to $8.24 billion from $7.78 billion last year. The consensus estimate was for revenues of $8.28 billion. Nike is now down 3.35 on 32 million shares.

Nike climbed until mid-morning Tuesday and advanced further around mid-afternoon. The stock closed up by 1.20 at $53.09 on above average volume.

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