Cyrrus (Cyrrus)
World markets  |  December 21, 2012 10:12:26

Nike 3Q results slightly above market expectations


iPoint.cz After closing of stock markets in the U.S. reported results for its fiscal year Q2 Nike. EPS $ 1.14 slightly positively surprised at the expectations of U.S. $ 1 per share, with revenue of 5.96 billion USD fell exactly as expected. Widely watched indicator is the volume of new orders Nike. They grew by 7% with expected growth of 7.1%. The increase was driven mainly by growth in North America, where orders increased by 14% yoy with expected growth of just 9.9%. Negative developments but continues in the Chinese market, where orders fell by 7%, and there was also an increase in input costs, which negatively affected the profit margins.In the post-trading phase Nike shares fell by more than 2%. But in the end outweighed the positive impact of changes in North America and post-trading shares ended the stage almost 5% above the levels where yesterday completed their normal trading.

George Šimara
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