TELETRADER News
3/21, 9:18 PM (Source: TeleTrader)
more TeleTrader news

Nike B-3.35%

87.16
Chart for: Nike Inc

Nike: Q3 revenues rise 5% to $10.9 billion

Nike Inc. announced on Monday that its reported revenues reached $10.9 billion in the third quarter of fiscal 2022 after a 5% increase compared to the corresponding time span during the previous year.

Diluted earnings per share declined 3% year over year to $0.87 in the third trimester. Gross profit rose 7% to $5.1 billion, while net income contracted by 4% to $1.4 billion in the three months that ended on February 28, 2022.

"Fueled by deep consumer connections, compelling product innovation and an expanding digital advantage, we have the right playbook to navigate volatility and create value through our relentless drive to serve the future of sport," President and CEO John Donahoe commented in the report.

Company shares were 4.92% up in late trading following the release of the latest quarterly results.

Baha Breaking News (BBN) / MS