Nike’s Stock Price (NYSE:NKE) Pops as Earnings Beat The Street, Margin Squeezed
Nike’s stock (NYSE:NKE) jumped in extended trading, climbing 4% after the athletic apparel giant reported first-quarter fiscal year 2026 earnings that significantly beat the street. The positive reaction came despite the company’s cautious outlook and concerns regarding the impact of increased tariffs.
The stock’s upward movement reflects markets’ positive sentiment toward Nike’s ability to outperform estimates, even amidst a challenging economic landscape.
Nike reported earnings per share (EPS) of $0.49, substantially surpassing the consensus estimate of $0.27. Revenue also exceeded expectations, coming in at $11.7 billion compared to the anticipated $10.99 billion. This strong performance was attributed to the company’s “Win Now”…
