Don't underestimate the power of the swoosh. Nike (NKE) shares surged more than 4% Friday and hit a new all-time high. The athletic apparel giant reported strong quarterly results after the closing bell Thursday. Earnings rose 26% and …
Continuing economic unrest in Europe and oversupply of products will stunt Nike sales, hurt profitability and drive the stock price below $100 by next year, a stock analyst said today. Under that scenario, the downturn would follow two major, …
BEAVERTON, Ore. – Phil Knight (search), the former college track star who co-founded the largest athletic shoe and clothing company in the world, is stepping down from daily management of Nike Inc. (NKE) after 36 years of building …
SAN FRANCISCO, June 21— Shares in Nike Inc. took a beating today after the athletic shoe manufacturer's disclosure late Friday that it expects 1994 fiscal year earnings to be well below Wall Street estimates. Nike's shares fell $4.125 …
In an announcement on Thursday after the market close, Nike announced it would repurchase $12 billion worth of stock, raise its dividend, and execute a 2-for-1 stock split. Following the announcement, shares of the retailer were up as …
Mitchell Clark: There are some companies—mature businesses with well-known brands—that continue to execute in a manner worthy of the finest growth stories. While the stock market does its thing every day, I find that there are …
Who hasn't owned a pair of Nike shoes? Nike shorts, or shirts? Virtually everyone has owned a piece or two of Nike apparel. The name and sportswear go hand in hand. However, if investors purchased or owned Nike stock over the last …
One day after a London-based hedge fund unloaded 4.6 million shares of Nike, a stock analyst on Friday lowered his rating on the Oregon sportswear company's share price. Sam Poser of Sterne Agee buttressed his downgrading with high …
After today’s close of trading, we’ll get to see the earnings report out of Nike (NYSE: NKE). First Call has estimates at $0.81 EPS and $4.36 Billion in revenues. Next quarter is also its fiscal year end and estimates are $0.97 EPS on $4.85 …
BANGALORE, Dec 13 (Reuters) - Second-quarter trends at Nike Inc (NKE.N) are better than expected, and the No. 1 player in the athletic shoe and clothing market is seeing strong orders at key global markets, UBS said, upgrading the …