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Nike reports 20% jump in futures orders
Better-than-expected figure boosted by strong demand in North America and China
Add BT as a preferred sourcePublished Wed, Dec 23, 2015 · 09:50 PM
London
NIKE Inc, the world's largest footwear maker, reported futures orders that breezed past analysts' estimates, powered by strong demand in North America and China.
The company's shares, already the top-performing year-to-date Dow component, rose 2.5 per cent to US$135.23 in extended trading on Tuesday, despite lower-than-expected second-quarter revenue.
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