Company news: NIKE’s (NKE) quarterly results exceed analysts’ expectations

NIKE (NKE) reported Q2 FY2025 earnings of $0.78 per share (versus $1.03 per share in Q2 FY2024), beating analysts’ consensus estimate of $0.63 per share.

The company’s quarterly revenues amounted to $12.354 bln (-7.7% y/y), beating analysts’ consensus estimate of $12.107 bln.

The company also said it expects Q3 FY2025 revenues to be down by low double digits y/y versus analysts’ consensus estimate of down 2.4% y/y.

NKE fell to $74.21 (-3.75%) in pre-market trading.