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Earnings Reactions: NIKE and BlackBerry Post Mixed Results

  • September 28th, 2023
  • 769 views

NIKE, Inc. (NYSE: NKE), a prominent sportswear and athletic equipment company, reported first-quarter fiscal 2024 earnings of $0.94 per share, surpassing the consensus EPS estimate of $0.74. Quarterly revenues for the company amounted to $12.9 billion, just under analysts' revenue expectations of $12.98 billion.

$NKE was trading at $96.40 in after-hours, reflecting an increase of $6.77 (+7.55%).

On the other hand, BlackBerry Limited (NYSE: BB), a technology and cybersecurity solutions provider, has disclosed a second-quarter fiscal 2024 adjusted loss of $(0.04) per share, better than the consensus estimate loss of $(0.06). The company's quarterly revenues of $132.00 million fell slightly below analysts' expected revenue of $132.03 million for the period.

In after-hours, $BB was trading at $4.78, up $0.02 (+0.42%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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