Nike shares tumble after conservative outlook, but analysts say ‘don’t be fooled’ [MSN Money]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: MSN Money
Nike shares tumble after conservative outlook, but analysts say ‘don’t be fooled’ © Bloomberg Nike Inc. shar fell .7% in Friday trading after the global athletic giant gave fiscal fourth-quarter 09 guidance that spooked invtors, but analysts are still bullish thanks to the company’s strong fundamtals. Load Error Nike (NKE) reported a fiscal third-quarter earnings beat “Recall that during Q of last year, the euro approached $. before depreciating to as low as $. in Q of this fiscal year, a similar dynamic exists with rpect to rminbi,” he said. The company expects currcy prsure to “narrow significantly” heading into fiscal 00. The news st Nike shar tumbling, pushing down had an impact Susquehanna Financial Group analysts led by Sam Poser ar’t concerned. “[D]o not be fooled… underlying momtum remains incredibly strong,” analysts said. “Increasing digital prows, a robust product pipeline, and exceptionally clean invtory will continue to drive healthy FX neutral revue and margin growth a
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NKE
Earnings
- 3/21/24 - Beat
NKE
Sec Filings
- 4/4/24 - Form 10-Q
- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
- NKE's page on the SEC website