Nike Beat Big, But The Market Heard One Word: Tariffs

Nike Inc. (NYSE:NKE) struck a cautious tone during its earnings conference call, pushing stock lower in premarket trading Friday as investors weighed a solid second-quarter performance against a softer near-term outlook and rising margin pressures.Nike reported second-quarter revenue of $12.43 billion, topping estimates, while earnings per share came in at 53 cents, well above the 38-cent consensus. Nike Brand revenue edged up 1% to $12.1 billion.Strength in wholesale helped offset ongoing channel shifts, w ...