Reported about 8 hours ago
Nike's shares surged significantly following its Q4 earnings report, which exceeded expectations despite a 12% drop in sales. Analysts reacted positively, raising their price targets based on improvements in revenue and inventory management. CEO Elliot Hill emphasized a turnaround plan, and investor optimism grew with potential relief from tariff pressures linked to China sourcing. Overall, the report indicated a cautious yet optimistic outlook for Nike's performance moving forward.
Source: YAHOO