Nike Falls as Brands Future Orders Trail Estimates

Nike announced its earnings, surpassing expectations in both revenue and earnings per share. The revenue was $7.38 billion, higher than the anticipated $7.15 billion. Earnings per share were $0.74, exceeding the Wall Street estimate of $0.70. Despite this, after-hours trading showed a 2% decline. The video discusses the significance of these results in the context of market expectations and typical performance trends of S&P 500 companies.

What was the main highlight of Nike's earnings report?

• Nike's revenue was exactly as expected.

• Nike's earnings per share were below expectations.

• Nike exceeded expectations in both earnings per share and revenue.

• Nike missed both earnings and revenue expectations.

What was Nike's reported revenue?

• $7.15 billion

• $7.38 billion

• $7.20 billion

• $7.50 billion

What was the Wall Street estimate for Nike's earnings per share?

• $0.74

• $0.76

• $0.72

• $0.70

What percentage of S&P 500 companies typically beat Wall Street estimates?

• 80%

• 76%

• 60%

• 50%

How did Nike's stock react in after-hours trading?

• It went up by 2%.

• It went down by 2%.

• It went up by 5%.

• It remained unchanged.