Among the standout developments in Nike Inc.'s (NYSE: NKE) fourth quarter earnings on Thursday was the rapid ascent of its Vomero 18 running shoes, which became a $100 million franchise within just 90 days of launch.
Athletic apparel brand Nike (NYSE:NKE) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, but sales fell by 12% year on year to $11.1 billion. Its GAAP profit of $0.14 per share was 13.5% above analysts’ consensus estimates.
Nike Inc. (NYSE: NKE) shares are trading higher Thursday as investors prepared for the company's fourth-quarter earnings report due after market close.
Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal Reserve lifted investor sentiment.
Micron Technology’s artificial intelligence-powered third-quarter outperformance could be a welcome relief to traders who are left to contend with macro and geopolitical challenges.
Analysts largely view the last quarter as the lowest point for the business, with expectations of improvement ahead as the company's turnaround efforts start to gain traction.
