Market News / Story
NKE — Nike Earnings to Put Turnaround on Trial as China and Margins Set to Stay Weak
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Expectations are already low after a 44% share-price slump. Thursday’s report must show that Nike’s recovery is becoming measurable. A damaged stock meets a demanding earnings test Nike NKE reports fiscal first-quarter results after Thursday’s closing bell, with Wall Street expecting revenue of $11.35 billion — about 3% lower year over year — and earnings of $0.44 per share, down from $0.49. The stock closed Wednesday at $35.40 and has lost roughly 44% this year,…