Why Nike Stock Tumbled Today
Shares of Nike (NYSE: NKE) were heading lower today after the sportswear giant beat estimates in its fiscal second-quarter earnings report, but offered disappointing guidance, saying that revenue would decline in the third quarter after growing modestly in the first half of the fiscal year.
Nike is in the midst of a turnaround, and the guidance seemed to indicate that that will take longer than investors had hoped.
As a result, the stock was down 9.1% as of 11:00 a.m. ET.
Source Fool.com
Nike Inc. B Aktie
47,24 €
0,38 %
Die Community bevorzugt klar Nike Inc. B mit vielen Buy- und nur wenigen Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 70 € für Nike Inc. B impliziert eine Steigerung von über 20% gegenüber 47.24 €.
