Nike Stock Is Soaring. Yes, Its Earnings Were That Good.

by 24USATVSept. 23, 2020, 6 p.m. 61
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Nike stock popped more than 10% after hours Tuesday, following the athletic giant’s better-than-expected fiscal first-quarter earnings report.

It was a welcome rebound from the company’s prior quarter, and shows how Nike’s e-commerce strategy continues to gain traction.

Nike (ticker: NKE) said it earned an adjusted 95 cents a share on revenue...

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