Business & Economy · 1 view
Nike stock drops as revenue falls short of estimates, China sales plunge again
Nike on Thursday posted fiscal first quarter earnings that topped Wall Street's expectations, even as sales fell short of estimates.
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Nike reported fiscal first‑quarter earnings that beat Wall Street forecasts, but overall sales missed estimates. The company projected full‑year revenue to fall by a high‑single‑digit percentage in fiscal 2027.
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