Nike shares up 2.89 percent on earnings beat
June 25, 2015 at 16:15 PM EDT
Wall Street forecast Nike would report quarterly earnings per share of 83 cents on $7.69 billion in revenue, according to a consensus estimate from Thomson Reuters.. Earlier this month, Nike inked a new deal with the NBA. The retailer will become the official apparel provider on court for the NBA starting with the 2017-18 season.