Trending: Nike Third-Quarter Sales Rise
09:50 ET -- Nike is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Nike said revenue rose slightly in its third quarter amid a recovery in wholesale sales as the company implements a restructuring plan that includes about 1,600 layoffs. The company said quarterly profit fell to $1.17 billion, or 77 cents a share, from $1.24 billion, or 79 a share, in the year-earlier quarter. Analysts polled by FactSet had forecast earnings per share of 69 cents. Revenue rose 0.3% to $12.43 billion, coming in ahead of Wall Street expectations for $12.28 billion, according to FactSet. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
March 22, 2024 10:05 ET (14:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results