Nike Misses Q1 Revenue Estimates, Shares Fall

September 23, 2021

Overall, the athletic giant on Thursday reported growth, with revenues for the quarter at $12.2 billion, up 16% year over year. However, this fell short of estimates of $12.46 billion in revenues from a survey of analysts. Net income was $1.9 billion, up 23% year over year, with diluted earnings per share increasing 22% to $1.16, versus an expected $1.11. FN