NIKE Reports Q3 Beat, Shares Up 4%
<p><a href='https://financialmodelingprep.com/financial-summary/NKE'>NIKE, Inc. (NYSE:NKE) </a>shares rose around 4% Tuesday afternoon following the company’s reported Q3 results, with EPS coming in at $0.87, beating the Street estimate of $0.71. Revenue for the quarter increased 5% year-over-year to $10.9 billion, compared to the Street estimate of $10.59 billion.</p>
<p>Better than expected results were primarily due to robust sales in EMEA, while China showed sequential improvement and North America came in roughly in line with expectations.</p>
<p>Analysts at Oppenheimer provided their views following the results, looking very favorably upon continued sales and profit trends, mentioning that the commentary from senior leadership of the company show clearly that the company is managing well various external headwinds, including ongoing supply chain distributions and geopolitical tensions, across the globe.</p>
<p>The analysts are optimistic that money will soon flow back into the company’s shares as the market focuses more upon the superb execution process of the company.</p>

NYSE:NKE