The Traderszone Network

Published in TZ Latest News 25 June, 2015 by The TZ Newswire Staff

Nike beats estimates again as demand shows no sign of abating

The company also raised its sales growth forecast for the current fiscal year, helping send its shares up 3.3 percent to $108.70 in extended trading on Thursday. Nike’s orders for delivery from June through November, a gauge of demand it calls “futures orders”, rose 13 percent excluding currency fluctuations at the end of the fourth quarter. “Extremely impressive across the board,” said Edward Jones analyst Brian Yarbrough.