Great Short on NKE After Hours Trade NIKE Reports EPS Of $1.23
Great Short on NKE After Hours Trade NIKE Reports EPS Of $1.23 (VIDEO. In this "after hours trading" video we'll cover how SMF Pro Traders shorted NKE going into the report.
Nike just reported earnings of $1.23 per share, better than consensus estimates of $1.13. The apparel manufacturer also beat on the top line, reporting revenues of $6.67 billion versus the $6.44 billion expected. However, Nike also said global futures orders ex-currency were up 8 percent in the quarter versus the 10 percent expected. Shares are trading down nearly 5 percent in the after-hours session. North America orders were up 13 percent versus the 14 percent expected.
Western Europe orders were up 6 percent versus the 4.2 percent expected. China orders were down six percent versus the 1.2 percent rise that was expected. Click here for live updates > North America sales came in up 13 percent at $2.71 billion versus estimates of a 14 percent rise. Western Europe sales came in at $1.17 billion. Japan sales were $183 million. Greater China sales were $572 million. Footwear accounted for $3.69 billion of revenue, while apparel accounted for $1.76 billion and equipment accounted for $386 million.
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