Earnings

Nike (NKE) Q3 2021 earnings

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A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City.

John Smith | Corbis News | Getty Images

Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe.

Its were down around 1% in after-hours trading.

Here’s how the company did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:

  • Earnings per share: 90 cents vs. 76 cents expected
  • Revenue: $10.36 billion vs. $11.02 billion expected

Nike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market…



Source cnbc.com

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