Why Nike Stock Got Tripped Up Today
Shares of Nike (NYSE: NKE) fell Friday morning after the sportswear giant delivered another disappointing set of results in its fiscal 2025 third-quarter earnings report Thursday afternoon. Revenue declined, and the company warned that tariffs could slow its recovery, adding to investors' doubts about its turnaround prospects. As a result, the stock was down 5.3% as of noon ET.
Image source: Getty Images.
In the period, which ended Feb. 28, Nike's revenue fell by 9%, or 7% on a currency-neutral basis, to $11.3 billion, though that beat the consensus estimate of $11.03 billion.
Source Fool.com
Nike Inc. B Stock
€46.80
0.320%
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 69 € there is a positive potential of 47.45% for Nike Inc. B compared to the current price of 46.8 €.
