Nike shares tumble 10% in after-hours trading - Breaking The News

Nike shares tumble 10% in after-hours trading

27 June

1 min read

EPA-EFE/ROMAN PILIPEY

Shares of Nike Inc. tumbled more than 10% in post-market trading after the company said on Thursday that its revenues for the fourth quarter of its fiscal 2024 landed at $12.6 billion, falling 2% compared to the same period last year and missing estimates.

The company's stock slid 10.98% after-hours at 11:58 am CET to go for $83.85 per share.

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