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…
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