Comment on Earnings Results: Nike stock dives as Wall Street jeers margin outlook rather than cheering profit and revenue beats

Earnings Results: Nike stock dives as Wall Street jeers margin outlook rather than cheering profit and revenue beats

Shares of Nike Inc. took a tumble Tuesday toward a two-year low after multiple Wall Street analysts cut their price targets, as the sporting apparel and accessories giant's disappointing gross margin guidance offset fiscal fourth-quarter profit and revenue beats.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News