Nike shares rose more than 3% in premarket trading
Tiger Newspress2021-12-21
Nike shares rose more than 3% in premarket trading.
The company reported fiscal second-quarter earnings of $1.34 billion, or 83 cents a share, up from 78 cents a share a year ago. That beats the 63 cents EPS analysts were expecting.
Revenue rose to $11.36 billion from $11.24 billion in the year-ago quarter compared with the $11.25 billion expected. Revenue in North America,Nike‘s (ticker: NKE) biggest market, climbed 12%, representing the highest growth of all geographies.
Greater consumer demand, especially for online merchandise, helped boost results, the company said in an earnings call Monday evening. Nike digital grew 11% in the quarter and now accounts for 25% of its total revenue globally.
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