Nike Falls Below $100 Billion in Value as Turnaround Sputters
The activewear brand’s shares dropped as much as 9.3 percent on Friday after its earnings report signaled that revenue and profitability will continue to fall, marking the sixth straight quarter Nike’s shares have declined after earnings.
The activewear brand’s shares dropped as much as 9.3 percent on Friday after its earnings report signaled that revenue and profitability will continue to fall, marking the sixth straight quarter Nike’s shares have declined after earnings.
