On Thursday after hours, Nike Inc NKE reported first quarter 2015 earnings of $1.09 per share on revenues of $7.98 billion; representing a 23.86 percent EPS earning beat.
The upbeat earnings report has lifted many footwear related stocks into positive territory in Friday’s trading session.
Foot Locker Inc. FL up 3 percent. Shares of Foot Locker were up post market Thursday following Nike’s earnings. Momentum has continued into Friday’s session; shares of Foot Locker reached a high of $58.23, and are currently trading at $57.65.
DSW Inc. DSW up 2.4 percent. Shares of DSW continue to trend higher; currently trading at $30.84.
Brown Shoe Company Inc. BWS up 1.7 percent. BWS shares reached a high of $28.90 Friday morning; currently $28.56.
Shoe Carnival Inc. SCVL up 0.33 percent; currently trading at $18.01.
Following Nike’s announcement, shares of Finish Line Inc FINL initially moved up to a high of $30.30 after hours, however, the company reported downbeat earnings Friday morning and is currently trading at $26.01 down 11.5 percent.
Likewise, one of Nike’s largest competitors adidas AG ADR ADDYY is down 1.5 percent trading at $38.50.
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