The sneaker giant Nike (NYSE: NKE) delivered better-than-expected financial results for the fourth quarter on Monday after market close. Revenue and earnings came in above consensus estimates driven by solid demand for its athletic apparel and sneakers in Europe. Nike also announced a new $18 billion class B stock repurchase plan.
Earnings per share (EPS): $0.90 vs. $0.82 expected
Revenue: $12.23 billion vs. $12.06 billion expected
Read more here - https://gulfbrokers.com/en/nike-q4-earnings-and-revenue-beat-estimates