BMO Managing Director and Senior Analyst Simeon Siegel joined Yahoo Finance Live to discuss Nike’s big stock spike after the sportswear giant crushed Q4 earnings. “When we can talk about a company the size of Nike scale, still blowing away numbers from a revenue perspective, but also from a margin perspective, they really gave you a lot to choose from,” Siegel said. Nike posted Q4 revenue of $12.3 billion up 96% Y/Y, adjusted earnings per share of 93 cents. Nike Direct sales also increased… Source link
Read More »‘There’s this interesting parallel between Nike and even an Amazon:’ BMO analyst
