Markets

Nike’s competitive advantage is a lot like Amazon’s

Nike has a big advantage over its competition, according to Nomura Instinet analyst Simeon Siegel. The sneaker giant can simply outspend other sports-apparel retailers, Siegel wrote in a note out to clients. In that sense, Nike reminds Siegel of Amazon. Nike just beat earnings expectations. Watch Nike trade in real […]
Nike’s competitive advantage is a lot like Amazon’s
Markets

Nike pops after crushing earnings and sales estimates

Nike reported third-quarter earnings and sales that beat analysts’ forecasts. “As we close Q3, we now see a significant reversal of trend in North America … ,” said Mark Parker, Nike’s CEO. Demand for the company’s sneakers in North America has waned. Gross margins fell for a ninth straight quarter, […]
Nike pops after crushing earnings and sales estimates
Markets

Nike is slipping ahead of earnings

Nike reports third-quarter results after the closing bell Thursday. Wall Street expects earnings-per-share to decline, but revenue to rise. Shares are down 0.74% early Thursday. Follow Nike in real time here. Shares of Nike are down 0.74% early Thursday as the sneaker giant gets set to report third-quarter earnings after […]
Nike is slipping ahead of earnings
Markets

Nike is slipping ahead of earnings

Nike reports third-quarter results after the closing bell Thursday. Wall Street expects earnings-per-share to decline, but revenue to rise. Shares are down 0.74% early Thursday. Follow Nike in real time here. Shares of Nike are down 0.74% early Thursday as the sneaker giant gets set to report third-quarter earnings after […]
Nike is slipping ahead of earnings