Earnings

In this article

Pedestrians walk past the American multinational sport clothing brand, Nike store and its logo seen in Hong Kong.
Budrul Chukrut | LightRocket | Getty Images

Nike shares dropped in extended trading Thursday after the sneaker giant reported quarterly revenue that missed analysts’ expectations.

Its stock was recently down around 3%.

Here’s how Nike did during its fiscal first quarter compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.16 vs. $1.11 expected
  • Revenue: $12.25 billion vs. $12.5 billion expected

Nike shares are up about 13% year to date, as of Thursday’s market close, but down about 9% from an all-time high reached in early August. The company has a market cap of $252.6 billion.

This story is developing. Please check back for updates.

Find the full press release from Nike here.

Articles You May Like

Mama’s Creations (MAMA) and FIGS (FIGS) Are Aggressive Growth Stocks
Brian’s Big Idea: New Age Nuclear Stocks And A Popular Service at Zacks
Top Stock Picks for Week of April 6, 2026
Zacks Strategist Shaun Pruitt Discusses Why Holding Chevron and Exxon Stock may be Worthwhile