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Why Nike Stock Got Crushed Today

TheMotleyFool 
0 0 01.04.26
Why Nike Stock Got Crushed TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png
 

(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.

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Source Fool.com

Nike Inc. B Stock

€35.22
-1.480%
A loss of -1.480% shows a downward development for Nike Inc. B.
Our community is currently high on Nike Inc. B with 71 Buy predictions and 5 Sell predictions.
With a target price of 64 € there is a hugely positive potential of 81.74% for Nike Inc. B compared to the current price of 35.22 €.
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