Pros are bullish on Nike after its latest quarterly results. Here’s what they say


Market Movers has rounded up investor and analyst reactions to Nike. After Nike’s fiscal first-quarter report last Thursday, the pros were bullish. According to LSEG (formerly Refinitiv), the company’s earnings fell short of Wall Street expectations for the first two years. The company came in at $12.94billion, versus analysts’ estimates of $12.98billion. Nike’s earnings were above analyst expectations, posting 94 cents a share, as opposed to the 75 cents expected. Jim Lebenthal, of Cerity Partners, bought Nike. He explained that he got the name for a great price.