Dirk Winifred More Articles Since Meghan Duchess of SussexHillary Clinton has shown support for Meghan Markle in the Most 2020 Way PossibleAlex Capel December 21, 2010 Nike (NYSE:NKE) beat the estimates of Wall Street, but stocks are increasing. As a result, in after-hour trading, the multinational retailer is down more than 5 per cent.
Adidas Earnings Cheat Sheet
Revenue: Year to $4.84 billion, up 9.75 per cent. Actual vs. Wall St. Expectations: NKE beat the market as analysts expected an EPS of $0.88/share on $4.8 billion in revenues. Notable stats: $2.3 billion in inventories is up 8 per cent of YoY’s. Future delivery orders increased 11 percent to $7.7 billion YoY for December 2010 through April 2011. Have you noticed that? “We had a fantastic second quarter. Nearly every brand category and geography has brought growth,” Nike president and CEO Mark Parker said. Comment: Nike shares look as though they were a swoosh. NKE is comfortably above its 50 and 200DMA respectively. Let’s see if the sell-off brings more investors to buy-the-dips. Dig Deeper: Study Nike stock with our new high-tech tools>> Disclosure: No ownership listed in the businesses.