Company news: NIKE (NKE) posts mixed quarterly results

NIKE (NKE) reported Q4 FY2024 earnings of $0.99 per share (versus $0.66 per share in Q4 FY2023), beating analysts’ consensus estimate of $0.84 per share.

The company’s quarterly revenues amounted to $12.600 bln (-1.6% y/y), missing analysts’ consensus estimate of $12.861 bln.

The company also said it expects the FY2025 reported revenue to be down mid-single digits y/y (lowered from its initial outlook of positive y/y growth).

NKE fell to $80.55 (-14.48%) in pre-market trading.