Nike Earnings Beat Estimates. Why Its Stock Is Dropping.

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Updated Sept. 23, 2021 4:28 p.m. ET / Original Sept. 23, 2021 4:24 p.m. ET

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A elaborate presumption of a Nike Flight Premier League lucifer ball

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Nike banal is falling aft the diversion apparel institution reported net that bushed net forecasts but missed connected sales.

Nike reported a nett of $1.16 a share, beating forecasts for $1.12, connected income of $12.2 billion, missing forecasts for $12.47 billion.

“NIKE’s beardown results this 4th are continued impervious of our heavy user connections,...

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