Nike beat on earnings, but an important measure of future sales whiffed (NKE)
|09/27/2016||Posted by BusinessMediaguide.Com under General World News||
Nike on Tuesday reported fiscal-first-quarter earnings that beat expectations for profits and revenues, amid investor concern about how its faring in a weak US market for athletic apparel.
The company posted adjusted earnings per share of $0.73 on revenues of $9.1 billion.
Analysts had estimated that the company reported adjusted $0.56 in adjusted EPS on revenues of $8.87 billion, according to Bloomberg.
Worldwide futures orders, a measure of demand from retail stores, rose 7% (8% expected).