Nike Stock Drops on Revenue Miss, Guidance Warning
NIKE(NKE) Investopedia·2024-06-28 05:51
Key TakeawaysNike shares fell in extended trading Thursday after the company reported fourth-quarter revenue that fell short of analysts' estimates and said it would update its fiscal 2025 guidance.Revenue fell from the year-ago period and was below expectations, while net income rose and came in above estimates.Nike CEO John Donahoe said the company is taking on "near-term challenges head-on." Nike (NKE) reported fourth-quarter revenue that missed analysts' estimates and said the results drove the company ...