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.-
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