Nike shares surge 3% on earnings beat, but tariffs and China weigh on outlook

Core Insights - Nike Inc. shares increased by over 3% following the release of fiscal first-quarter results that exceeded Wall Street expectations for both revenue and net income [1] Financial Performance - The company reported better-than-expected fiscal first-quarter results, surpassing analysts' forecasts [1] - Revenue and net income both topped Wall Street forecasts, indicating strong financial performance [1]