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NIKE, Inc. (NYSE: NKE) reported revenues of $13.4 billion for the second quarter of 2024, up 1% on a reported foundation and down 1% on a currency-neutral foundation in comparison with the identical interval final yr.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/12/Nike-Q2-2024-Earnings-Infographic-671x1024.jpg?is-pending-load=1)
Web earnings was $1.6 billion, up 19%, and EPS was $1.03, up 21%, from final yr.
Earnings beat estimates whereas income fell quick.
Money and equivalents and short-term investments have been $9.9 billion on the finish of the quarter.
“NIKE’s second-quarter monetary efficiency was a turning level in driving extra worthwhile progress. As we look forward to a softer second-half income outlook, we stay targeted on sturdy gross margin execution and disciplined value administration.” – Matthew Pal, CFO
The inventory was down over 11% throughout premarket hours on Friday.
Prior efficiency
![Nike Q1 2024 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2023/09/Nike-Q1-2024-earnings-infographic-671x1024.jpg?is-pending-load=1)
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