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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Nike Stock Ahead Of Q1 Earnings?

NIke NKE
Nike

Nike Inc (NYSE:NKE) stock is bouncing around Tuesday morning as investors await the company’s first-quarter earnings report, scheduled for release after the closing bell. Here’s what investors need to know.

What To Know: Wall Street analysts are expecting a significant drop in earnings per share to 27 cents, down from 70 cents in the same period last year. Revenue is also projected to decline to $11.0 billion from $11.59 billion.

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