Nike Fiscal Q1 Earnings, Revenue Fall; Shares Drop After Hours
MT Newswires Live
2 hours ago
Nike (NKE) reported fiscal Q1 earnings late Thursday of $0.48 per diluted share, down from $0.49 a year earlier.
Analysts polled by FactSet expected $0.44.
Revenue in the three months ended Aug. 31 fell to $11.21 billion from $11.72 billion a year earlier.
Analysts expected $11.32 billion.
The company expects fiscal 2027 adjusted EPS of $1.15 to $1.35. Analysts expect $1.68.
Fiscal 2027 revenue is expected to decline by high-single digits, Nike said.
Nike shares fell 4.6% in after-hours trading.
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