- Nike (NYSE:NKE) has guided on its earnings call for FQ4 (May quarter) revenue to be up by a mid-single digit rate Y/Y. Consensus is for revenue to grow 8.9% Y/Y to 8.47B.
- The sports apparel giant also forecasts EPS will grow by a low-teens % in FY17 (ends May '17). Consensus is for EPS to rise 15% to $2.48. FY17 revenue is seen growing by as much as a low-double digit clip in constant currency. Consensus in actual dollars is for revenue to grow 9.9% to $36B.
- Shares are now down 6.1% after hours to $60.95, adding to the losses seen after Nike posted mixed FQ3 results (revenue missed, EPS beat) and lower-than-expected annual futures growth of 12%.