Did Nike's Turnaround Just Hit a Wall? Here's What Investors Need To Know

Three months ago, Nike (NKE +3.10%) CEO Elliott Hill told investors that the company was in the "middle innings of our comeback."The implication was that investors would see further progress in the fiscal third quarter, which the company reported Tuesday after hours. However, the market was underwhelmed with the results and its forecast, and the stock tumbled 9% after hours on the news, hovering around an eight-year low. Revenue was flat at $11.28 billion, or down 3% in constant currency, which was just ahe ...