Nike (NKE) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.66 per share a year ago.
Nike's latest financial report reveals both triumphs and tribulations as the iconic brand grapples with market challenges and strategic shifts.
Nike (NKE) reported fourth-quarter revenue that missed analysts' estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares lower in extended trading Thursday.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Nike Inc (NYSE:NKE, ETR:NKE) shares fell afterhours as the athletic apparel and footwear company's fiscal fourth quarter earnings disappointed and it pointed to a negative revision to its fiscal 2025 outlook. “While we are encouraged by our progress, our fourth quarter results highlighted challenges that have led us to update our fiscal 2025 outlook,” Nike CEO Matthew Friend commented.
Apparel and footwear company Nike Inc NKE reported fourth-quarter financial results after the market close Thursday.
Nike warned that it would cut its fiscal 2025 guidance as it continues to face challenges in its business. For the fiscal fourth quarter, the sneaker giant handily beat earnings estimates but fell short on Wall Street's sales expectations.
Nike, opens new tab reported a surprise drop in fourth-quarter revenue on Thursday, as the sportswear maker struggled with low demand for its apparel and footwear amid rising competition from brands such as On and Hoka.
Nike Inc (NYSE: NKE) is losing in extended hours on Thursday after coming in shy of Street estimates for its fourth financial quarter. Shares of the footwear giant are still down close to 15% versus the start of 2024.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.