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SHENZHOU INTL Soars ~5% in Early Trading as Nike Beats 1FQ Expectations
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Nike (NKE.US) exceled expectations in its first fiscal quarter, leading its major OEM SHENZHOU INTL (02313.HK) to open nearly 1.9% higher this morning (2nd) and expand its early gains, peaking at HKD64.95, the highest in over nine months since December 2024. It last printed at HKD64.4, up 4.46%, with a turnover of 2.7211 million shares, amounting to HKD172 million. Nike had announced after the market closed on Tuesday (September 30) that its revenue for the first fiscal quarter ending in August was USD11.72 billion, a YoY rise of 1%, slightly above the market expectation of USD11 billion; EPS equaled USD49 cents, significantly ahead of the market expectation of USD27 cents. However, the company warned that efforts to turn around the situation are far from over. AASTOCKS Financial News Website: www.aastocks.com |
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