Nike Tops Estimates. Is This the Start of a Turnaround for the Stock?
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Nike reported fiscal second-quarter results that topped estimates, but the new CEO indicated that a turnaround will take time.
December 24, 2024 | 11:00 am
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Nike's fiscal Q2 results exceeded expectations, but the new CEO suggests a gradual turnaround, indicating potential long-term strategies.
Nike's ability to exceed earnings estimates is a positive sign, but the CEO's comments about a slow turnaround suggest that immediate stock price gains may be limited. Investors may need to focus on long-term strategies and improvements.
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