Positive
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Invezz
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about one month ago
Bernstein analyst Aneesha Sherman is buying Nike (NKE) management's view that “numbers are now de-risked”, and recommends investing in the footwear giant as it tumbles after Q1 earnings. Nike recorded top-line revenue of $11.2 billion for its first financial quarter – down a more-than-expected 4% on a year-over-year basis albeit its EPS came in ahead of consensus at $0.48 a share.