NIKE Inc. NKE delivered fourth-quarter fiscal 2019 results, wherein earnings missed estimates while sales beat the same. The reported quarter reflected revenue growth, backed by strength in Wholesale and NIKE Direct businesses as well as solid execution of Consumer Direct Offense, which led to growth across all regions.
Shares of NIKE did not react much to the earnings outcome. Overall, this Zacks Rank #3 (Hold) stock has gained 4.3% in the past year, outperforming the industry’s 2.4% growth.
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