Nike Rallies Ahead Of Q3 Report

Nike Inc NKE shares are trading higher by $2.13 at $65.13 in Monday's session. The company will announce its Q3 earnings report after the close on Tuesday. The Street estimates rest at $0.40 for EPS with $8.19 billion in revenues.

It should be noted the issue reached its all-time high ($68.19) and closing high ($65.92) the day after its Q2 report. Today marks the first time it has traded in the $65 handle, reaching $65.55 and retreating to the $65 area.