Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020.
Adrian Dennis | AFP | Getty Images
Its shares were down around 3% in after-hours trading following the release Thursday afternoon.
Here’s how Nike did during its fiscal fourth quarter:
- Loss per share: 51 cents
- Revenue: $6.31 billion
Analysts were calling for the company to report earnings of 7 cents per share on revenue of $7.32 billion, according to Refinitiv data. However, impact from the coronavirus pandemic makes it difficult to compare the company’s results to analysts’ estimates.
As of Thursday’s market close, Nike shares are down less than 1% this year. The stock is up about 22% from a year ago. Nike is valued at $157.7 billion.
This is a developing story. Please check back for updates.