Nike's Q3 Earnings and Inventory Performance Impact Stock Prices
TL;DR Summary
Nike reported Q3 revenue of $12.39 billion, beating expectations, while earnings fell less than expected. Nike stock rose 3.6% in after-hours trading. Swiss peer ONON also saw a surge in stock price after reporting strong earnings and guidance, with Q4 sales nearly doubling YoY and predicting 61% sales growth in the current quarter. Other shoe stocks, including Foot Locker, Skechers, Deckers Outdoor, and Crocs, also saw gains. The Dow index rose on hopes of easing banking crisis.
- Dow Giant Boosted By Earnings, Revenue Beat; Swiss Peer ONON Soars Investor's Business Daily
- Nike's holiday quarter plagued by bloated inventory, weak China sales CNBC
- Nike stock runs higher on earnings beat, inventory improvement (NYSE:NKE) Seeking Alpha
- Blue Line's Bill Baruch on Nike options activity ahead of earnings CNBC Television
- Trading Strategies For Nike Stock Before And After Q3 Earnings - Nike (NYSE:NKE) Benzinga
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