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Nike's shares dropped for a second straight day of declines after it reported falling revenue and plans to lay off staff.
Nike stock slips after a Q1 earnings beat as a weak revenue outlook and a new restructuring plan, with more layoffs, weigh on investor sentiment.
Nike's first-quarter earnings per share of $0.48 compared with a consensus of $0.44, but sales missed, and it guided to a high-single-digit revenue fall in fisc