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Sounds well Nike just reporting earnings moments ago beating Wall Street estimates is it time to get in or out of the stock following its release what is now screener.
Friedman -- bush securities equity research vice president last month -- was ranked the number one clothing and accessories analysts.
On Wall Street congrats on that.
You deserve it -- what do you think of the numbers they look pretty good and after hours it's up about three or 4%.
Yeah much better than we expected so they beat by two cents you're looking for 75 they came in at 76 and 74 cents -- consensus.
Most of that became from the gross margin line at a 110 basis points improvement vs last year but about sixty basis points better than what they out of anticipated or guided -- Secondarily China came in flat revenues and flat margins which was much better than feared as well which could indicate stabilization in that region.
And thirdly I lower tax rates and -- -- five acted in to help.
-- -- the EPS as well.
Well also -- Corina when we're talking about the fact that it I was looking at this material costs actually improved -- they actually -- able to get a little pricing power.
Plus get a little bit of a better deal with threats of material costs around the world is that something that you -- residency here to review the numbers.
Sure are so basketball.
Trends have been really driving our top line and and those.
Shoes are really -- about five to 6% higher than they were last year and also are.
A bigger percentage of the next and that's driving -- some of the increase in pricing there and as you mentioned sourcing costs of coming in.
I'm particularly on materials but that is also offset by some increase in labor costs.
But I have talked to investors who say that you know I understand all the advantages it is it is poised.
To take off even from where it is but I'm waiting for pull back do you hear that.
A lot -- and it's treating about 25% above its peak multiple.
So we're we're waiting as well for a pullback but we if we did on the shares -- -- would be so holding art critic you've got a natural.
-- get reconsider.
You can break the news right here on fox this.
-- -- -- -- We like it -- an -- here a look at I see someone stand whether they don't do -- -- so isolated neutral plus suck it up rather than a neutral negative character in -- thank you very much and good work we've created via.
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