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Benzinga

Business

Adam Eckert

Why Nike Shares Are Sliding

NIke NKE Nike Inc NYSE

Nike Inc (NYSE:NKE) shares are trading lower Tuesday after the company reported earnings. Several analysts also lowered price targets on the stock following the company's quarterly results.

Nike reported fiscal fourth-quarter revenue of $12.2 billion, which beat the estimate of $12.07 billion, according to data from Benzinga Pro. The company reported quarterly earnings of 90 cents per share, which beat the estimate of 81 cents per share.

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