These stocks should pay you extra cash for a long time.
Apparel maker Nike nearly doubled the pace of stock buybacks after an earnings disappointment sent shares sliding at the end of June.
Nike stock is down close to 25% this year.
On October 7, 2024, Nike Inc (NKE, Financial) filed its 10-Q report, revealing a mixed financial performance with revenues of $11.589 billion, a decrease from the previous year's $12.939 billion. Despite this decline, the company maintained a strong gross profit of $5.257 billion, though it was lower than the prior year's $5.720 billion.
Nike (NKE, Financial) shares declined more than 1.3%, closing at $81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of $11.589 billion, marking a 10% decrease compared to the previous year.
A turnaround is unlikely to happen overnight.
It's been a difficult ride for shareholders of this sportswear giant.
Nike is one of the most recognizable brand names in the world.
These top stocks are poised for a rebound over the next year.
Nike has failed to capitalize on the basketball star's soaring popularity.
Nike Inc. (NKE, Financial) reported its financial results for the first quarter of fiscal year 2025, ending on August 31, 2024. The company experienced a 10% year-over-year decrease in revenue, totaling $11.589 billion.
Here are some of the major companies whose stocks moved on the week's news.