A woman carries Nike shopping bags at the Citadel Outlet mall while the global coronavirus disease (COVID-19) outbreak continues in Commerce, California, United States on December 3, 2020.
Lucy Nicholson | Reuters
Nike reported quarterly sales and earnings on Friday that exceeded analyst estimates, driven by triple-digit online growth in North America and strong Chinese consumer demand for sneakers and workout apparel.
Shares rose more than 5% in after-hours trading.
Here’s how the company performed in the second quarter of the fiscal year compared to analyst expectations based on refinitive data:
- Earnings per share: 78 cents versus 62 cents, expected
- Revenue: $ 11.24 billion versus $ 10.56 billion expected
At the close of the market on Friday, Nike shares were up more than 37% this year. The company has a market capitalization of $ 215.5 billion.
The full press release on Nike’s earnings can be found here.
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