Nike (NYSE: NKE) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date.
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Nike stock (NKE) sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition. The shoe ...
Nike’s revenue fell 10% last quarter from a year earlier, while profit dropped 28%, the company said late Tuesday. Executives warned that sales could fall 10% this quarter.