• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Confronting Less Rosy Outlook, Nike Shares Plunge Nearly 4 Percent

    • Home
    • Trade Ideas
    • Confronting Less Rosy Outlook, Nike Shares Plunge Nearly 4 Percent
Mar, 22nd 02:53
nike

Shares of Nike Inc. fell 3.71 percent in after-hour trading on Tuesday after the world’s largest sportswear maker reported a jump in quarterly profit but forecast a tepid outlook for sales growth due to stiffer competition and a changing retail landscape.

The athletic apparel company posted a quarterly profit of $1.14 billion, or 68 cents a share, up from $950 million, or 55 cents a share, a year earlier. Revenue also found itself on an increase, rising 5% to $8.43 billion. If was not hurt by a stronger U.S. dollar, revenue would have risen 7%. The company anticipates that currency exchange rates will continue to weigh on results through the end of its next fiscal year.

Besides currency fluctuation, Nike has been struggling with competition from a resurgent Adidas AG which refocused its efforts on the key North American market. Nike’s sales in its home market rose only 3% in the quarter ended February 28.

Trade suggestion

Buy Digital Put Option from 55.85 to 55.00 valid until 21:00 GMT March 22, 2017

Start Trading Binary Options on Indices, Commodities And Hundreds of Other Markets With Option Banque Now!

Option Banque has proven A+ Rating and Reviews on forex forums