Nike earnings surpass expectations by $0.18, but revenue misses estimates

Nike (NYSE: NKE) announced its first quarter earnings per share (EPS) of $0.70, surpassing the analyst estimate of $0.52 by $0.18. The company’s revenue for the quarter was $11.6 billion, slightly below the consensus estimate of $11.65 billion.

As of the latest closing, Nike’s stock price is $89.13. The stock has increased by 18.16% over the past three months but is down 5.74% over the past year.

In the last 90 days, Nike experienced four positive EPS revisions and five negative EPS revisions. Recently, the company’s financial health assessment was deemed to indicate “good performance”.

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