Nike Numbers Beat, but not by much; Actions Slide By Investing.com



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© Reuters.

Investing.com – Nike (The shares of the New York Stock Exchange 🙂 slid Thursday after trading hours, retreating after quarterly figures that seemed to go well.

The sportswear giant said earnings per share of $ 0.68 for a $ 9.61 billion business figure. Analysts surveyed by Investing.com were expecting EPS of 0.64 USD on a turnover of 9.58 billion USD. This compares to $ 0.68 EPS on revenue of $ 8.98 billion in the same period last year.

The quarter's gross margin was 45.1%, which is slightly higher than the company's consensus and forecasts.

But stocks fell 3.2% in post-trading.

Investors were clearly hoping the numbers would be higher as stocks traded around their all-time highs.

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