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Disney Is Focused On The Future, While Nelson Peltz Is 'Looking Backwards,' Says Morgan Stanley's James Gorman
Tuesday, March 26, 2024 - 2:05pm | 634Walt Disney Co (NYSE:DIS) is in the midst of a proxy battle with activist investor Nelson Peltz, who isn't convinced Disney’s management team knows how to bring the magic back to shareholders. On the other hand, Morgan Stanley executive chair and newest Disney board member James...
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Disney Stock Is Rising After Company Taps Nike Exec, Opposes Nelson Peltz: What's Going On?
Wednesday, January 11, 2023 - 6:49pm | 436Walt Disney Co (NYSE: DIS) shares are trading higher in Wednesday's after-hours session after the company named a new independent chairman and announced opposition to activist investor Nelson Peltz's attempt to join the board. What Happened: Nike Inc (NYSE: NKE) executive chair Mark...
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Nike Reports Q2 Earnings Beat, Greater China Sales Up 23%
Thursday, December 19, 2019 - 5:27pm | 237Nike Inc (NYSE: NKE) shares were under pressure Thursday afternoon after reporting a second-quarter earnings beat. Earnings came in at 70 cents per share, beating estimates by 13 cents. Sales came in at $10.33 billion, beating estimates by $260 million. This is a 10.2% increase over sales of $9.374...
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What Mark Parker's Departure And John Donahoe's Arrival Means For Nike, ServiceNow
Wednesday, October 23, 2019 - 2:45pm | 753The footwear industry is undergoing a massive executive shakeup. It began Monday when Adidas AG (ADR) (OTC: ADDYY) CMO Eric Liedtke announced he was stepping down. Liedtke was largely responsible for Adidas’ resurgence in North America and was presumably the company’s next pick for CEO...
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Nike CEO Mark Parker Will Be Replaced By ServiceNow's John Donahoe Next Year
Tuesday, October 22, 2019 - 4:45pm | 251The sportswear industry is seeing a massive executive shakeup. The same day Under Armour Inc (NYSE: UAA) founder Kevin Plank announced he will step down as CEO, Nike Inc's (NYSE: NKE) chairman announced his plan to step down from the same position. Nike CEO Mark Parker will be replaced in 2020...
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Nike Trades Higher After Big Q1 Earnings Beat
Tuesday, September 24, 2019 - 4:31pm | 212Nike Inc (NYSE: NKE) shares are moving higher after a big first-quarter earnings beat. Earnings came in at 86 cents per share, beating estimates by 16 cents. Sales came in at $10.66 billion, beating estimates by $240 million. "Our strong start to FY20 highlighted the depth and balance of NIKE...
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Nike Reports Q4 Sales Beat
Thursday, June 27, 2019 - 5:06pm | 239Nike Inc (NYSE: NKE) shares fell Thursday afternoon after reporting a fourth-quarter sales beat. Fourth-quarter earnings came in at 62 cents per share, which may not compare to the 66 cent estimate. Sales came in at $10.184 billion, beating estimates by $14 million. "FY19 was a pivotal year...
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Wedbush: Nike's Increased Mid-Market Focus Bodes Well For Shoe Carnival, Famous Footwear
Wednesday, April 3, 2019 - 4:25pm | 585Nike Inc (NYSE: NKE)’s planned innovative product pipeline across the mid-market warrants a further look at Caleras Inc (NYSE: CAL) and Shoe Carnival, Inc. (NASDAQ: SCVL), according to Wedbush. The Analyst Wedbush analyst Christopher Svezia maintains the following ratings: Outperform...
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Is Nike A Victim Of Its Own Success?
Friday, March 22, 2019 - 2:54pm | 813Nike Inc (NYSE: NKE) shares were falling Friday despite reporting a strong third-quarter earnings beat on Thursday. Morgan Stanley Analyst Lauren Cassel said that although expectations are high, Nike remains the firm's top pick and recommends buying the dip, as the apparel maker's direct-to...
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Nike Shares Fall Despite Q3 Earnings Beat
Thursday, March 21, 2019 - 4:25pm | 293Nike Inc (NYSE: NKE) reported a third-quarter earnings beat Thursday afternoon. The sportswear giant reported earnings of 68 cents per share, beating consensus estimates by 5 cents. Sales came in at $9.6 billion, topping estimates by $50 million. "In Q3, our team once again drove strong,...
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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Nike Falls Despite Q1 Earnings, Sales Beat
Tuesday, September 25, 2018 - 4:37pm | 428Nike Inc (NYSE: NKE) shares fell as much as 4 percent following the company's first-quarter earnings release. What Happened The world’s largest sportswear company delivered Q1 earnings of 67 cents per share, beating estimates by 5 cents. Sales came in at $9.948 billion, beating estimates...
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Nike's Innovation Pipeline Fuels Analyst Optimism Ahead Of Q3 Report, Despite Management Shake-Up
Wednesday, March 21, 2018 - 12:16pm | 662Nike Inc (NYSE: NKE) is set to report earnings after the close on Thursday, March 22, one week after competitor adidas AG (ADR) (OTC: ADDYY) announced another quarter of double-digit growth in North America. B Riley Stays Neutral With Nike's promotional activity remaining high in North...
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Nike Looks To Get Back On Track After Big Q2
Thursday, December 21, 2017 - 5:29pm | 215Nike Inc (NYSE: NKE) is looking to get back on track. The world’s biggest sportswear company reported a second quarter earnings and sales beat after Thursday'sa closing bell. The Beaverton-based company reported second quarter earnings of 46 cents per share, beating estimates by 6 cents....
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Nike Gets A Boost During Investor Day; Sees Mid-Teen Earnings Growth Over Next 5 Years
Wednesday, October 25, 2017 - 1:16pm | 396Nike Inc (NYSE: NKE) spiked higher during the course of its investor day Wednesday, as CEO Mark Parker delivered his five-year vision and intentions for progress. Parker guided for earnings growth in the mid-teens and digital sales growth from 15 percent to 30 percent. Nike expects to achieve these...