NKE: Why Nike Stock Is Moving Today
NIKE(NKE) Gurufocus·2024-10-03 02:51
Shares of Nike (NKE, Financial) fell 6.31% after the company reported its third-quarter earnings results. The company's constant currency revenue declined 9%, missing analyst expectations. This led to Nike withdrawing its FY2025 guidance and postponing its Investor Day event. The company cited moderated revenue expectations due to trends in Nike Digital traffic, retail sales, and final order books for spring.As of the latest data, Nike Inc (NKE, Financial) is trading at $83.51 per share. The stock has a mar ...