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NKE Nike Inc

90.85
-1.41 (-1.53%)
After Hours
Last Updated: 00:37:50
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nike Inc NYSE:NKE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.41 -1.53% 90.85 91.87 90.09 91.64 9,784,400 00:37:50

Nike Posts Lower 3Q Profit Despite Higher-Than-Expected Sales

24/03/2020 8:59pm

Dow Jones News


Nike (NYSE:NKE)
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From May 2019 to May 2024

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By Kimberly Chin

 

Nike Inc. said its profit fell in the fiscal third quarter as costs and expenses notched higher.

For the quarter ended Feb. 29, the Beaverton, Ore.-based athletic company's profit was $847 million, or 53 cents a share, down from $1.1 billion, or 68 cents a share, a year earlier. Analysts were expecting a per-share profit of 51 cents, according to FactSet.

Sales rose to $10.1 billion from $9.61 billion a year earlier. Analysts estimated sales of $9.81 billion.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

March 24, 2020 16:44 ET (20:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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