Nike (NKE) PT Raised to $105 at Piper Sandler
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Nike (NKE) stock surges 12% after 'strong' results, analysts hike numbers
December 21, 2022 6:55 AM ESTShares of Nike (NYSE: NKE) are trading more than 12% higher in pre-market Wednesday after the company reported better-than-expected second-quarter results despite falling margins.
Nike posted EPS of $0.85 on revenue of $13.3 billion to top the analyst estimate of $0.65 on revenue of $12.58B. Revenue soared 17% year-to-year (YoY), driven by a strong outperformance in North America (+30% YoY). Europe saw an 11% increase in sales while China revenue slipped 3% to $1.79B.
Nike also reported a 25% increase in brand digital sales amid "strong... More
