Nike Gets Lukewarm Response to Better-than-Expected Q1 Earnings
Nike (NKE) reported its fiscal 2019 first-quarter results after the market closed on Tuesday, September 25. The results relate to the three-month period ending August 31. As in the past three quarters, the sportswear giant did better than Wall Street expectations on both the top and bottom lines. Earnings per share increased by 17.5% to 67 cents, four cents more than analysts’ earnings forecasts.