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-0.000391923325545757 -0.000911094484060923 -0.000934847412881823 -0.000765183635589317 0.00144044546921374 -0.00568543317707295 -0.00551576939978044 -0.00389208705109082
Stock impact report

Why Nike Stock Tumbled 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
It sees revenue declining in the third quarter. 10 stocks we like better than Nike › Shares of Nike (NYSE: NKE) were heading lower today after the sportswear giant beat estimates in its fiscal second-quarter earnings report, but offered disappointing guidance, saying that revenue would decline in the third quarter after growing modestly in the first half of the fiscal year. Nike is in the midst of a turnaround, and the guidance seemed to indicate that that will take longer than investors had hoped. As a result, the stock was down 9.1% as of 11:00 a.m. ET. Revenue in the quarter rose 1% to $12.4 billion, which was ahead of the consensus at $12.21 billion. Wholesale revenue continued to move higher, up 8% to $7.5 billion, as a part of a strategic shift to win back key retail partners, while Nike Direct revenue was down 8% to $4.6 billion. China sales were down 17%, while North America revenue was up 9%, a sign that its turnaround efforts are paying off. Gross margin fell 30 Show less Read more
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