Why Nike Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
Nike shares are falling due to disappointing Q4 earnings and a revised, softer outlook for fiscal year 2025. The company anticipates a mid-single-digit decline in revenue for FY 2025 and a 10% drop in Q1 revenue. Analysts have downgraded the stock, contributing to a 14.8% premarket decline.
June 28, 2024 | 11:58 am
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Nike shares are trading lower following disappointing Q4 earnings and a revised, softer outlook for fiscal year 2025. The company anticipates a mid-single-digit decline in revenue for FY 2025 and a 10% drop in Q1 revenue. Analysts have downgraded the stock, contributing to a 14.8% premarket decline.
Nike's Q4 revenue missed expectations, and the company issued a softer outlook for FY 2025, anticipating a mid-single-digit decline in revenue. This has led to analyst downgrades and a significant premarket drop in the stock price.
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