Jim Cramer Previews Nike Earnings
Nike (NKE) is set to report earnings after the bell Tuesday.
Nike is expected to report adjusted net income of $1.1 billion, or 70 cents a share, on sales of $10.4 billion after the market closes on Tuesday, based on a FactSet survey of 25 analysts.
Jim Cramer is expecting strong fundamentals from the apparel giant, but there is concern about the overhang of China among investors. However, Cramer isn't as worried, "Nike's been a winner in China kind of like Starbucks. The ministry of sport likes Nike. That matters."
Watch the video above to see what else Jim had to say about Nike's earnings.
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