Nike shares slide 6% in after-hours trading following weak Q1 revenue and upcoming layoffs
KEY POINTS MAIN STORY Nike (NKE) shares fell sharply by up to six per cent in after-hours trading on Thursday following the release of its fiscal first-quarter financial results and plans for major operational restructuring. The company posted quarterly revenue of $11.21 billion, falling short of consensus estimates of $11.33 billion and representing a four … Continue reading Nike shares slide 6% in after-hours trading following weak Q1 revenue and upcoming layoffs
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed