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0.000425496568056477 -0.000335650679184125 -8.30650670709112E-05 -0.000676386974719451 -0.00120868148615273 1.69520545036039E-06 -0.0112951539161789 -0.00491440060078086
Stock impact report

Nike's Profits Topped Estimates. Here's Why the Stock Is Tumbling Anyway [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
The shoe maker's fiscal second-quarter revenue and earnings beat analysts' estimates as sales in North America rose, but sales in China sank. Nike shares tumbled Friday, despite quarterly profits that topped estimates, as a weaker-than-expected outlook and headwinds in China weighed on sentiment. The shares were down nearly 10% to about $59 in recent trading, making Nike ( NKE ) one of the worst-performing stocks in the S&P 500 Friday, at a time when broader markets gained The athletic apparel giant posted earnings per share of $0.53 for the fiscal second quarter, well above the $0.38 analysts surveyed by Visible Alpha anticipated. Revenue climbed 1% year-over-year to $12.4 billion, ahead of projections. Nike benefited from a 9% jump in sales in North America, but its sales in China sank 17%, with a 21% drop in shoe sales. CFO Matt Friend told investors on Thursday's earnings call that the company expects sales headwinds in China could continue for the rest of the fiscal year Show less Read more
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