Nike Reports Quarterly Revenue Surprise - To The Moon

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- The0The0
  ·10-01
  $Nike(NKE)$ Nike posted a triple earnings beat (Sales, Revenue & EPS) on Tuesday after the markets closed. Despite facing an increased headwind from the impact of tariffs (initial estimates were US$1 billion, had since been revised to US$1.5 billion), coupled with a declining business in China (revenue down 10%), its share price proceed to rise over 4% in post-market trading. I personally entered the trade on Monday, with an expectation of an earnings beat, and have just sold in post-market, realising about 4% in profits overnight.
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- The0The0
  ·10-01
  $Nike(NKE)$ Nike posted a triple earnings beat (Sales, Revenue & EPS) on Tuesday after the markets closed. Despite facing an increased headwind from the impact of tariffs (initial estimates were US$1 billion, had since been revised to US$1.5 billion), coupled with a declining business in China (revenue down 10%), its share price proceed to rise over 4% in post-market trading. I personally entered the trade on Monday, with an expectation of an earnings beat, and have just sold in post-market, realising about 4% in profits overnight.
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