Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning
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NIKE, Inc. Reports Fiscal 2016 Third Quarter Results
March 22, 2016 4:15 PM EDTRevenues up 8 percent to $8 billion; 14 percent growth excluding currency changes Diluted earnings per share up 22 percent to $0.55 Worldwide futures orders up 12 percent; 17 percent growth excluding currency changes Inventories as of February 29, 2016 up 8 percent
BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2016 third quarter ended February 29, 2016. Strong consumer demand drove revenue growth across the NIKE Brand portfolio. Diluted earnings per share grew 22 percent, primarily due to revenue... More
