Nike Hiccups In 4th Quarter, Execs Stand By $50 Billion Revenue Projection

Jeff Manning | The Oregonian/OregonLive, Portland Oregonian: Local
Tue, 06/28/2016 - 3:59pm

Nike's phenomenal growth surge of recent years faltered a bit in the fourth quarter. Nike's stock dropped in after-hours trading after the Beaverton company narrowly missed Wall Street's fourth-quarter consensus projections. The company earned $846 million, 49 cents a share, on...

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Topics: beaverton wall street nike quarter projection company

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BING NEWS:

How Nike Makes Money
The company posted a net income of $1.2 billion, down 5% from the year-ago quarter. Revenue stayed flat year over year (YOY) with $12.4 billion. Earnings before interest and taxes (EBIT), a ...
06/30/2016 - 5:39 am | View Link
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