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Benzinga

Business

Wayne Duggan

5 Nike Analysts Praise Q3 Earnings Beat, Booming North American Sales Growth

NIke NKE Nike Inc NYSE Cristina Fernandez Lorraine Hutchinson Simeon Siegel China Bank of America BMO Capital Markets

Nike Inc (NYSE:NKE) shares gained 4.3% on Tuesday after the company reported a fiscal third-quarter earnings beat, driven by strong North American demand in an uncertain international market.

On Monday, Nike reported third-quarter adjusted EPS of 87 cents on revenue of $10.87 billion. Both numbers topped consensus analyst estimates of 71 cents and $10.59 billion, respectively. Revenue was up 5% from a year ago.

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