NEW YORK CITY: Shares of Nike tumbled on Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year.
The sports giant, which has been criticized by some Wall Street analysts over a lack of hot new products in recent times, reported flat quarterly sales and profits that were slightly lower than the year-ago period, but which topped analysts' expectations.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.