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Nike made 54% more money per share than expected last quarter — will it do it again on October 1?

ResultsRead the original at benzinga.com
Neutral

Nike's recent EPS beat suggests improvement, while a 12% drop in Greater China sales and a persistent downtrend counter that, so the facts balance each other.

NKE · Nike Inc.

AI read · Neutral

The AI's read

The prior-quarter EPS beat shows Nike can still top estimates and supports hopes its turnaround may be working. At the same time Greater China sales fell 12% and the stock sits below every major moving average. Those positives and negatives balance each other, so the upcoming report is unlikely to move the firm's outlook decisively.

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