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Nike (NKE) share price dropped 2% after-hours as faltering sales in China overshadowed a fourth-quarter earnings and revenue beat.
NIKE holders woke up to a red screen. The stock dropped about 4% today, extending a three month slide of roughly 23%, even though the latest quarter delivered revenue of US$11.2b and earnings per share of about US$0.48 that broadly lined up with guidance. The real shock is not this quarter. Management now expects full…
Nike Inc. (NKE) shares are on pace for their weakest year ever, falling more than 45% as investors lose confidence in the company’s recovery plan. Continued weakness in China, pressure on the Sportswear and Jordan businesses, and a slow turnaround are adding to concerns ahead of Nike’s November inv…