Is Nike Inc a Buy After Its Latest Earnings Report?
The footwear giant surprised investors with a 5% pop on Wednesday.
Overview
Nike (NYSE: NKE) delivered another middling quarter on Tuesday afternoon, but investors had a surprising response.
After the stock fell as much as double digits after hours on Tuesday, Nike rallied to finish the regular session on Wednesday up 4.9%.
Details
Is the company's long-awaited turnaround finally materializing? Let's take a closer look at the quarterly update.
Source
Originally published at www.fool.com.
Related Articles
- Volkswagen braces for boardroom showdown over historic cost-cutting plan
- The Stock Market Is on the Verge of Doing Something for the First Time in 155 Years, and History Is Crystal Clear on What It Could Mean for Investors
- Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.