The Oregon-based company posted earnings of $0.68 per share, representing growth of 24% year-over-year and beating the Zacks Consensus Estimate of $0.52 per share. Though revenues grew 5% year-over-year to $8.42 billion, it fell short of the Zacks Consensus Estimate of $8.44 billion.
By category, apparel saw the strongest growth for Nike Brand, growing 9 percent on a currency-neutral basis to $2.3 billion. Footwear grew 7 percent on a currency-neutral basis to $5.3 billion. Equipment sales were down 7 percent on a currency-neutral basis to $321 million. https://sgbonline.com/nike-q3-boosted-by-international-gains/
Large shareholders after receiving dividend $$ on 12/4/17 might want to put money back into Magni and buy somemore shares.May be bonus is coming some time this year!
U zoom into a particular period it looks like its going down. U zoom out to more than 1 year then u tell me what picture you see. In the short term markets are unpredictable, but in the long term with good fundamentals you see a different picture.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gooman
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Posted by gooman > 2017-03-24 00:03 | Report Abuse
The Oregon-based company posted earnings of $0.68 per share, representing growth of 24% year-over-year and beating the Zacks Consensus Estimate of $0.52 per share. Though revenues grew 5% year-over-year to $8.42 billion, it fell short of the Zacks Consensus Estimate of $8.44 billion.
One of the biggest factors that caused Nike's stock to drop is that the company's future orders declined by 1%, excluding the effects of currency fluctuation. Bloomberg reported that analysts had predicted a 3.4% gain. The sportswear maker forecasted single digit revenue growth for the current quarter as well.
http://www.nasdaq.com/article/the-zacks-analyst-blog-highlights-nike-under-armour-and-adidas-cm764731#ixzz4cAKCBMcc