Nike stock (NKE) sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition. The shoe ...
Shares Slumped Nearly 6% in Extended Trading on Tuesday Nike shares fell in extended trading Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to ...
Nike set a low bar for fiscal Q1 sales but still wasn't able to reach it. The company pulled guidance, although it said sales expectations have moderated for the full year. New CEO Elliott Hill ...
Nike’s revenue fell 10% last quarter from a year earlier, while profit dropped 28%, the company said late Tuesday. Executives warned that sales could fall 10% this quarter.
Nike (NYSE: NKE) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date.