Nike Jumps Following Strong Earnings Report

Filed under: After the Bell, Major Movement, International Markets, Earnings Reports, Forecasts, Good news, China, Market Matters, NIKE, Inc'B' (NKE), Japan

Shares of athletic giant Nike, Inc. (NKE) are up over 3% in after hours trading after the company posted better than expected earnings for its fiscal third quarter this afternoon.



As we noted in our earnings preview last night, analysts had forecast earnings of $0.89 per share for the quarter. Fueled by a 7% increase in sales during the quarter, Nike was able to outpace estimates and earn $1.01 per share. This marks the 11th straight quarter that Nike has been able to post better than expected quarterly earnings.

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Nike Jumps Following Strong Earnings Report originally appeared on BloggingStocks on Wed, 17 Mar 2010 18:00:00 EST. Please see our terms for use of feeds.

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