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Nike Stock Suffers Another Setback on Disappointing Revenue
Source: schaeffersresearch.com
Corporate EarningsCompany FundamentalsM&A & Restructuring
Nike shares fell more than 7% to $32.57 on Friday after fiscal first-quarter revenue missed estimates. The company also disclosed layoff plans, adding restructuring concerns to the weak sales performance.
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Overall Sentiment
strongly negative
Sentiment Score
-0.62
Ticker Sentiment
NKE-0.85
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