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This week Nike, the U.S. athletics giant, revealed its Q1 2020 earnings. It took the market by surprise as the new Nike, the digital one, delivered much more than expected.
The market expected $9.11 billion in revenue, but Nike delivered $10.59 billion. Moreover, it reported double EPS as expected – $0.95 when compared to $0.47. At the same time, inventory remained relatively stable at $6.7 billion when compared to $6 billion expected.
While the company…
The post Nike Jumps At All Time Highs After Strong Earnings appeared first on Vantage Point Trading.
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