Why Nike Stock Tumbled Today

Key Points Nike's revenue edged higher in the second quarter, but profits continued to fall. The company is making progress in its turnaround, especially in North America. It sees revenue declining in the third quarter. 10 stocks we like better than Nike › Shares of Nike (NYSE: NKE) were heading lower today after the sportswear giant beat estimates in its fiscal second-quarter earnings report, but offered disappointing guidance, saying that revenue would decline in the third quarter after growing ...