The United States opened up, Nike’s better-than-expected result boosts shares of clothing stores

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The stronger than expected result of the clothing company Nike (+13.7%) sent the stock markets higher in the United States. The company’s earnings per share in the second half of the company’s fiscal year was $0.85, which exceeded the analyst consensus by $0.21.

Turnover also exceeded expectations. In the second half of the year, Nike achieved a turnover of 13.3 billion dollars, which means an increase of 17 percent from the comparison period. Revenue was $740 million better than consensus expectations.

The result also lifted the shares of other companies in the industry. For example, the stock of shoe store Foot Locker was quoted 5.8 percent higher, while Under Armor was up 4.8 percent.

Courier company FedEx reported its figures yesterday. Earnings per share were better than expected thanks to the efficiency program, but revenue of $ 22.8 billion was $ 920 million less than expectations.

Five companies have published consumer confidence figures since December, which were clearly better than expected. The index score was 108.3, while the consensus forecast of economists compiled by the FactSet database expected the score to be 100.5. In November, the index score was 101.4.

The sale of old apartments, on the other hand, did not meet expectations. According to statistics, 4.09 million old apartments were sold in November on an annual basis, while economists expected 4.20 million apartments to be sold. In October 4.43 million annualized apartments were sold.


Source: Arvopaperi from www.arvopaperi.fi.

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