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.

How much revenue did Nike report, and how does it compare to the expected revenue?

What were Nike's earnings per share reported in the earnings news?

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

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

What was the after-hours trading change for Nike's stock following the earnings report?