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Nike Inc.'s stock surged 4.5% in premarket trade Friday, in the wake of the athletic apparel and accessories company's fiscal third-quarter results, to pace the handful of Dow Jones Industrial Average components trading higher ahead of the open. Six of the 30 Dow stocks were gaining ground; the next biggest gainer was Home Depot Inc. shares, which were up just 0.4%. Nike's stock rally would add about 20 points to the Dow, while Dow futures were down 96 points. Among the biggest decliners, shares of Intel Corp. were shedding 0.9%, Boeing Co. were losing 0.8% and Pfizer Inc. were giving up 0.8%. The most-active stock was Apple Inc.'s , which dropped 0.4%.
Nike's stock surges 4.9% premarket after Q3 results late Thursday
Nike stock price target raised to $75 from $74 at Wedbush
Nike stock price target raised to $62 from $60 at Susquehanna
Nike Inc. Chief Executive Mark Parker told investors the company has "a deep leadership bench," a week after complaints about workplace behavior triggered a management shuffle and the resignation of his heir apparent.
Nike Inc. said late Thursday it acquired consumer data analytics company Zodiac Inc. for an undisclosed sum. The athletic-wear maker said the acquisition helps it to accelerate its "Consumer Direct Offense" strategy to serve customers faster and more personally at scale. On its website, Zodiac said it uses "proven data models, customer analytics, and behavioral analysis to predict the future behaviors of individuals, rather than simply assuming past trends and averages will continue across the board." Nike shares rallied after fiscal third-quarter sales beat Wall Street expectations.
Nike acquires data-analytics firm Zodiac, terms not disclosed
Shares of Nike Inc. rose more than 2% late Thursday after the company swung to a surprise loss in the fiscal third quarter thanks to the U.S. tax overhaul, but its sales beat Wall Street expectations. Nike said it lost $921 million, or 57 cents a share, in the quarter, versus earnings of $1.1 billion, or 68 cents a share, in the year-ago quarter. Revenue increased 7% to $9 billion, compared with $8.4 billion a year ago. Analysts polled by FactSet had expected earnings of 53 cents a share on sales of $8.8 billion. The tax overhaul resulted in one-time provisional charges that reduced earnings per share by $1.25, Nike said.
Nike fiscal Q3 loss 57 cents/share vs. expectations EPS 53 cents
Nike fiscal Q3 rev. $9 billion vs. expectations $8.8 billion
Chinese tech titan Tencent Holdings Ltd. reports its fourth-quarter and annual earnings after the market closes in Hong Kong on Wednesday. Here's what you need to know. EARNINGS FORECAST: Analysts polled by S&P Global Market Intelligence expect Tencent to report earnings of 17.5 billion yuan ($2.8 billion) for the three months ended Dec.
A second executive has been forced out at Nike Inc. due to misconduct complaints, sources tell The Wall Street Journal. Jayme Martin, vice president and general manager of global categories, was a "top lieutenant" to Trevor Edwards, the Nike brand president who resigned Thursday. "Messrs. Martin and Edwards protected male subordinates who engaged in behavior that was demeaning to female colleagues, according to another person," the Journal wrote. A Nike spokesman told the paper it doesn't comment on personnel moves. Nike shares are down 0.6% in Friday trading, but up 14.6% for the last year. The Dow Jones Industrial Average is up nearly 19% for the past 12 months.
Nike’s sales rose 7% to $9.0 billion for the three months ended Feb. 28. Due to the tax-law change, the company reported its first quarterly loss in years.
William Ackman’s Pershing Square Capital Management cashed out of its brief holding in Nike in recent weeks, for a profit of around $100 million.
Here we go, folks. President Trump is planning to slap tariffs on up to $50 billion of Chinese imports, and China is vowing to respond.
Headspace has forged a partnership deal with the NBA that gives the league, its players and its employees subscriptions to Headspace.
The U.S. Securities and Exchange Commission awarded roughly $83 million—its largest whistleblower payments ever— to three people who helped regulators reach a $415 million settlement in 2016 with Bank of America Corp., according to the agency and a lawyer for the individuals.
Chinese gaming and social-media company Tencent Holdings is expected to report sharply higher fourth-quarter earnings and revenue on Wednesday.
The new frontier in fun socks: They’re covered in logos, have designer cred and can cost hundreds of dollars.
Among the companies with shares expected to trade actively in Monday's session are Facebook, Alphabet, Apple, Nike, CSRA and Newell Brands.
Employees at U.S. companies are seeing misconduct less often but they are reporting suspected problems and being punished for it in ever-greater numbers, according to an Ethics & Compliance Initiative survey.
The women were concerned about allegations circulating internally of inappropriate workplace behavior by some men and drew up the survey to gather information about these issues.
Forty-five groups representing a wide swath of the U.S. economy are asking the president to work with other nations to press Beijing to end restrictions on foreign firms instead of imposing tariffs on China.
It isn’t just the tax-law overhaul: Do-it-yourself tax software continues to eat away at companies like H&R Block.
A second veteran executive is leaving Nike Inc. in the wake of internal complaints about inappropriate workplace behavior at the sneaker and sportswear giant, according to people familiar with the matter.
Among the companies with shares expected to trade actively in Friday's session are Broadcom, Nike, Johnson & Johnson, Netflix, Adbove Systems and Altice USA.
The Trump administration said it will next set its sights on Russian oligarchs after imposing sanctions on Russia on Thursday for meddling in the 2016 presidential election and for cyberattacks.
Nike Inc. said that it had received complaints about workplace behavior and that its No. 2 executive has resigned, setting off a management shuffle at the sportswear giant.
A new survey raises questions about the brand’s position with consumers.
Nike investors should cast their eyes across the Atlantic where Adidas is running faster and its stock is inexplicably cheaper.
Swedish pension AMF raised its Ford stake by 80% and lifted its Verizon stake by a quarter.
In the wake of the latest mass school shooting, investors seemed eager to distance themselves from gun sellers while rewarding socially-conscious firms such as Dick’s Sporting Goods. But will they stick by a retailer that is suffering as a result of its new gun policy?
NIKE's (NKE) third-quarter fiscal 2018 results reflect a significant progress on the Consumer Direct Offense, positioning it for strong profitable growth in the future.
Lululemon Athletica (LULU) stock has delivered an above-average performance in the last two years.
Wall Street Breakfast: China Strikes Back, McMaster Ouster
NIKE's (NKE) CEO Mark Parker on Q3 2018 Results - Earnings Call Transcript
Nike acquires Zodiac; post-earnings gains rise to 6%
Nike’s sales rose 7% to $9.0 billion for the three months ended Feb. 28. Due to the tax-law change, the company reported its first quarterly loss in years.
Nike (NKE) just released its third-quarter financial results, posting adjusted earnings of $0.68 per share and revenues of $8.98 billion.
Despite Higher Tax Expenses, Nike Shines on the Earnings Court
Nike Inc (NKE) Crushes Analysts’ Q3 Expectation, Shares Pop
Excluding a charge related to changes in U.S. tax laws, Nike posted a solid beat to earnings estimates and posted higher revenues in is third fiscal quarter.
Nike +2.5% as revenues, inventories grow in Q3
The billionaire hedge fund investor only held the shoe company's stock for a few months.
Ackman's Pershing Square Exits Nike Stake, Likely Made $100M Profit
Both Nike, Inc. (NYSE: NKE) and Micron Technology, Inc. (NASDAQ: MU) are scheduled to release their most recent quarterly reports after the markets close on Thursday. These are the two biggest companies reporting this week, and after the down day that has been Thursday, the markets need a win to get back on track.
Analysts suggest that revenue growth at NKE has likely bottomed, and should return to a high-single digit rate by fiscal 2019 on various catalysts.
William Ackman’s Pershing Square Capital Management cashed out of its brief holding in Nike in recent weeks, for a profit of around $100 million.
DSW Inc. Stock Still Looks Too Risky to Buy
Lululemon Athletica (LULU) has delivered strong financial results so far this fiscal year.
NIKE, Inc. Acquires Data Analytics Leader Zodiac
NIKE, Inc. Reports Fiscal 2018 Third Quarter Results
Nike, Inc. Announces That Mark Parker Will Continue as Chairman, President and CEO beyond 2020
Today's Research Reports on Stocks to Watch: Nike and Under Armour
Textile Stocks' Research Reports Released on Deckers Outdoor, Iconix Brand, NIKE, and Skechers
NIKE, Inc. Announces Third Quarter Fiscal 2018 Earnings and Conference Call
Peter Henry Joins NIKE, Inc. Board of Directors
NIKE, Inc. Declares $0.20 Quarterly Dividend
Foot Locker, Nike And Jordan Brand Celebrate 10 Years Of HOUSE OF HOOPS During NBA All-Star 2018
Today's Research Reports on Trending Tickers: Nike and Coca-Cola
Pre-Market Technical Scan on Textile Equities -- Iconix Brand, NIKE, Skechers, and Steven Madden
Today's Research Reports on Stocks to Watch: Nike and Under Armour
Today's Research Reports on Trending Tickers: Nike and Mattel
NIKE, Inc. Announces Dirk-Jan van Hameren as new VP, Chief Marketing Officer; Greg Hoffman as VP, Global Brand Creative & Marketing Innovation
Today's Research Reports on Stocks to Watch: Nike and Under Armour
Free Post Earnings Research Report: NIKE's Revenue Grew 5%
What's Happening With These Textile Stocks? -- Foot Locker, NIKE, Skechers USA., and Deckers Outdoor
NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following business segments: North America, Western Europe, Central & Eastern Europe, Greater China, Japan, Emerging Markets, Global Brand Divisions, Converse, and Corporate. The Global Brand Divisions segment represents the Nike brand licensing business. The Converse segment design, market, license, and sell casusal sneakers, apparel and accessories. The Corporate segmeng is consist of foreign currenct hedge gains and losses related to revenues generated by entities within the Nike brand and Converse but managed through the central foreign exchange risk management program of the company. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Steven Madden Ltd. | $2.7B | |
Crocs Inc. | $1.07B | |
Skechers USA Inc. Cl A | $6.51B | |
adidas AG ADR | $50.73B | |
Under Armour Inc. Cl A | $6.59B |