_nike39s-stock-plummets-14-in-premarket-trading-as-revenue-outlook-dims-for-2025.jpg "Nike's Stock Plummets 14% in Premarket Trading as Revenue Outlook Dims for 2025 from vig stock price today per share Video Screenshot Preview")
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⏲ Duration: 0:42
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✓ Published: 29-Jun-2024
👁 View: 640K times
✓ Published: 29-Jun-2024
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Nike's stock fell almost 14% in early pre-market trading after the company said it expects revenue to decline more than expected in 2025, with an expected 10% decline in the first quarter. Nike reported fiscal 2024 fourth-quarter revenue fell 2%, below analysts' estimates, with direct-to-consumer sales down 8%. For fiscal 2025, Nike expects overall sales to fall mid-single digits, reflecting challenges from the fourth quarter. Nike CEO said fiscal 2025 \
Nike's stock fell almost 14% in early pre-market trading after the company said it expects revenue to decline more than expected in 2025, with an expected 10% decline in the first quarter. Nike reported fiscal 2024 fourth-quarter revenue fell 2%, below analysts' estimates, with direct-to-consumer sales down 8%. For fiscal 2025, Nike expects overall sales to fall mid-single digits, reflecting challenges from the fourth quarter. Nike CEO said fiscal 2025 \
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