New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
12:07 EDTNKEEarnings Preview: Nike sees Q2 revenue growth in mid-high single digits
Nike (NKE) is expected to report Q2 earnings after the market close on Thursday, December 20 with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of $1.00 on revenue of $5.99B. The consensus range is 97c-$1.04 for EPS and $5.89B-$6.2B for revenue, according to First Call. After reporting better than expected Q1 results, Nike guided Q2 revenue growth to be in the mid-high single digits and forecast margin expansion in 2H. On November 15, Nike announced a two-for-one stock split of both Class A and Class B common stock. Additionally, the company increased its quarterly dividend 17% to 21c per share on a post-split basis. Nike also announced it would sell its Cole Haan affiliate brand to Apax Partners for $570M. The transaction is expected to be completed in early 2013. Analysts and investors will listen for comments on plans to expand in Oregon, as it has pressed lawmakers to ensure that the state's corporate tax structure will not change for up to 40 years for companies that invest $150M in the state over five years and create 500 jobs. The company is also likely to comment on economic conditions in Europe, China and North America, as well as costs for packaging and other commodities. During the quarter, the stock was upgraded to Overweight from Neutral at HBSC and initiated with a Neutral at JPMorgan.
News For NKE From The Last 14 Days
Check below for free stories on NKE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 19, 2014
06:48 EDTNKENike investors convey sponsorship worries amid suspensions, WSJ says
Subscribe for More Information
06:04 EDTNKENike marketing exec Eric Toda departs for Snapchat, Re/code reports
Subscribe for More Information
September 18, 2014
09:33 EDTNKENike mentioned positively at OTR Global
Subscribe for More Information
09:22 EDTNKEBack to school season healthy for footwear, says Sterne Agee
Subscribe for More Information
07:26 EDTNKEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
Subscribe for More Information
September 17, 2014
13:34 EDTNKENike September weekly volatility elevated into Q1 and outlook
Nike September weekly option implied volatility is at 34, October is at 22, January is at 19; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on September 25.
12:01 EDTNKENike suspends contract with Adrian Peterson
Subscribe for More Information
10:00 EDTNKEOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:30 EDTNKENike September weekly volatility elevated into Q1 and outlook
Subscribe for More Information
September 16, 2014
16:34 EDTNKENike assumed with a Neutral at Piper Jaffray
Target $77.
September 9, 2014
06:20 EDTNKEForrester: Apple could sell 10M iWatches this year, FT reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use