Why Nike Stock Got Crushed Today
(NYSE: NKE) published its fiscal Q3 results after the market closed yesterday, and the report spurred a big sell-off in Wednesday's daily trading session. The company's share price closed out the day down 15.5%. Meanwhile, the S 500 gained 0.7% in the day's trading.
The company's earnings of $0.35 per share in the quarter actually came in significantly ahead of the average analyst estimate's call for a per-share profit of $0.28, and sales of approximately $11.3 billion in the quarter were roughly in line with the average Wall Street target. On the other hand, the company's forward guidance points to headwinds for the turnaround effort.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Aktie
35,37 €
0,60 %
Die Community unterstützt Nike Inc. B leicht, mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 64 € für Nike Inc. B deutet auf eine deutliche Steigerung um mehr als 50% gegenüber dem aktuellen Kurs von 35.37 € hin.
