Company news: NIKE’s (NKE) quarterly results beat analysts’ estimates

NIKE (NKE) reported Q3 FY2024 earnings of $0.98 per share (versus $0.79 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.75 per share.

The company’s quarterly revenues amounted to $12.400 bln (0.0% y/y), beating analysts’ consensus estimate of $12.280 bln.

The company also said it still expects FY2024 revenue growth of approximately +1% y/y and anticipates positive earnings and sales y/y growth in FY2025 with operating margin expansion.

NKE fell to $94.61 (-6.16%) in pre-market trading.