CORRECTION: Nike Q2 Sales $13.39B Miss $13.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nike reported Q2 sales of $13.39 billion, falling short of the expected $13.43 billion estimate.
December 21, 2023 | 9:18 pm
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NEGATIVE IMPACT
Nike's Q2 sales missed estimates by $40 million, which may concern investors and could lead to a short-term negative impact on the stock price.
Earnings misses can result in negative investor sentiment and often lead to a decline in stock price as market expectations are not met. However, the miss is relatively small, which may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100