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Adam Eckert

Nike Stock Is Trading Higher Wednesday: What's Fueling The Move?

NikeKuala,Lumpur,,Malaysia,-,August,28,,2024:,Nike,Brand,Retail

Nike Inc (NYSE:NKE) shares are trading higher on Wednesday after the company reported better-than-expected financial results for the first quarter.

What To Know: Nike beat analyst estimates on the top and bottom lines in the first quarter, reporting revenue of $11.72 billion versus estimates of $11 billion, and earnings per share of 49 cents versus estimates of 27 cents.

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