Investors are anticipating Nike to post strong first-quarter earnings for fiscal 2016. Analysts expect the sports giant's top and bottom line to increase year over year. According to Thomson Reuters estimates, Nike is forecast to earn $1.19 a share on revenue of $8.22 billion. The company is continuously working to turn around its China business.
Let's take a look at the highlights from the first quarter. NIKE Inc. revenues grew 5% to $8.4 billion, despite significant FX headwinds. On a currency neutral basis, NIKE Inc. revenues grew 14%. Gross margin expanded 90 basis points to 47.5%, and earnings per share increased 23% to $1.34
The result is good , at least it's a profitable one, should be even higher for next quarter. No dividend as expected and the management should have come out with some forecasting growth nevertheless it's q profitable company.
there are many reasons, might not be good reasons, for shares price to go up or down before or after rights. to subscribe rights, it is a basic knowledge. consult your dealers, learn from them.
2.18 is the support...if day close below this 2.18 sell.. so advise is can buy, but monitor at 4.30pm, if cannot close beyond 2.18, must cut lost as high chance will goes to 1.68 next support
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....
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Posted by Equityengineer > 2015-09-24 16:18 | Report Abuse
Investors are anticipating Nike to post strong first-quarter earnings for fiscal 2016. Analysts expect the sports giant's top and bottom line to increase year over year. According to Thomson Reuters estimates, Nike is forecast to earn $1.19 a share on revenue of $8.22 billion. The company is continuously working to turn around its China business.