Nike shares fell 10% in pre-market trading due to a sharp decline in sales in China and the impact of tariffs on profits.
Nike’s shares suddenly dropped by up to 10% in pre-market trading — and the decline isn’t due to just one number, but a combination of factors. This event surprised many investors because while the company beat revenue expectations in its recent earnings report, profit margins and regional performance raised concerns. What Happened: Nike’s Q2 results … Read more