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    23.03.2016 11:53 Company News: NIKE (NKE) Q3 Earnings Beat Expectations

    NIKE reported Q3 FY2016 earnings of $0.55 per share (versus $0.89 in Q3 FY 2015), beating analysts' consensus of $0.47. The company's quarterly revenues amounted to $8.032 bln ( 7.7% y/y), slightly missing consensus estimate of $8.201 bln.

    NIKE provided financials guidance targets for Q4 and FY 2017. The company expects its revenue to grow at mid-single digit rate in Q4 (analysts forecast an increase of 8.9% y/y). For FY2017, NIKE projects its revenue to grow at high single digit rate and EPS to grow at low teen rate.

    NKE fell to $61.50 (-5.24%) in pre-market trading.

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