Nike Shares Crash 15% In Pre-Market Amid Missed Q4 Expectations And Potential 'Headwinds' Next Year
Portfolio Pulse from Benzinga Neuro
Nike shares dropped 15% in pre-market trading after missing Q4 revenue expectations. The company reported $12.6 billion in revenue, below the $12.91 billion estimate. Despite a rise in gross margin and EPS, analysts downgraded the stock due to anticipated headwinds in FY25.
June 28, 2024 | 10:29 am
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Nike's Q4 revenue missed expectations, leading to a 15% drop in pre-market trading. Despite a rise in gross margin and EPS, analysts downgraded the stock due to anticipated headwinds in FY25.
Nike's Q4 revenue fell short of expectations, causing a significant drop in pre-market trading. Although gross margin and EPS improved, analysts downgraded the stock due to expected challenges in FY25, indicating a negative short-term impact.
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