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0.000405944798301566 0.000422929936305773 0.000339702760084979 0.000473885350318513 0.00212314225053079 -0.00661401273885342 -0.00246114649681528 -0.00279065817409762
Stock impact report

Why Nike (NKE) Stock Is Down Today [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
While the company surpassed revenue and earnings per share (EPS) expectations, investors focused on the underlying issues. Nike's operating margin contracted significantly to 8% from 11.2% in the same period last year, indicating rising costs relative to sales. Adding to the concerns, revenue in Greater China, a key growth market, dropped by a steep 17% year-on-year. Although North American sales grew by 9%, the weakness in China and the pressure on profitability overshadowed the headline beats, fueling investor concerns about the company's health. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Nike? Access our full analysis report here Nike's shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its percep Show less Read more
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