Nike Q1 earnings beat, China revenue misses estimates▼

Business

Published 72d ago

Revenue slightly missed Street expectations, $12.94 billion versus the $12.99 billion estimate. Great China revenue of $1.74 billion missed estimates of $1.83 billion. Morningstar Equity Analyst David Swartz tells Yahoo Finance Live that margins were a little better than he had been expecting but that &quot;Nike has a history of consistently beating margin expectations, so you know, I think there&#39;s a little bit of sandbagging that Nike tends to bring down expectations to make it easier to beat them.&quot;</p> Source