Roku Closes Another Big Deal and Nike Shares Rise as Sales Top Estimates
Nike released their second-quarter earnings report on Friday and pleasantly surprised investors by beating analyst expectations. One of the largest areas of growth is unsurprisingly digital sales which are up 84% in the quarter.
Nike also saw its revenue grow by 24% in the Greater China region, while in North America, year-over-year revenue growth was up just 1%. As of Friday’s market close, Nike shares are up around 37% since the beginning of the year.
Roku has announced a new agreement to support AT&T’s HBO Max service onto its platform. Following the release of the news, Roku shares were up 4% on Thursday.
It’s being said that these new partnerships and expanded growth is positioning the company as being one of the “streaming leaders” in the game of content viewership. For example, Daniel Kurnos even boosted its price target for the stock from $300 to $410.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.