Shares of footwear and athletic apparel stocks are trading lower in sympathy with Nike which reported Q1 revenue that missed estimates.
Portfolio Pulse from Benzinga Newsdesk
Nike's Q1 revenue missed estimates, causing a decline in shares of footwear and athletic apparel stocks.
October 02, 2024 | 1:25 pm
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Nike reported Q1 revenue that missed estimates, leading to a decline in its stock price.
Nike's revenue miss directly affects its stock price as it indicates potential issues in sales performance, leading to investor concerns.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100