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Nike (NKE) – Get Report shares soared after earnings, but that doesn’t mean not to buy the stock now. The company, large and economically sensitive, is somewhat of a growth play and has been treated by the market as such.
Before we analyze, let’s look at the earnings and the stock.
Nike reported earnings Tuesday after the closing bell and wiped the floor clean on analysts’ estimates. Here were the results:
- Revenue: $10.6B v. $9.13B (actual result: -1% year-over-year)
- North America Revenue: $4.225B vs. $3.43B (-1%)
- China Revenue: $1.78B vs. $1.87B (+8%)
- Operating Margin: 16.1% vs. 9.6% (14% last year)
- Adjusted EPS: 97 cents vs. 47 cents (+11%)
Digital sales rose 82% as consumers largely stayed at home. Management said foot traffic was weak and that the strength came less from generally strong consumer demand and more from e-commerce capabilities and product and brand strength. Costs nearly
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Sep 21, 2020 (Market Insight Reports) —
Complete study of the global Running Apps market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Running Apps industry. Research techniques like PESTLE and Porter’s Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Running Apps production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding into the overall existing and future market situation.
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“The global Running Apps market is projected to register a CAGR of 14.7% during the period of the forecast Period.”
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