Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros discussed the maker of Air Jordan athletic shoes after it reported mixed fiscal first-quarter results. Nike reported revenue of $12.94 billion that was below the expected $12.98 billion, but its earnings of 94 cents per share beat expectations. The latest financials mark the first time in two years the sneaker giant missed on revenue. Despite the mixed results, though, Nike shares surged Friday, closing up 6.7%.
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EU seeks information from X on content moderation amid DSA probe
EU seeks information from X on content moderation amid DSA probe
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Appian CEO on Big Tech AI strategy, competition concerns, regulation
Appian CEO on Big Tech AI strategy, competition concerns, regulation
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HD Hyundai Marine Solution shares double in IPO
HD Hyundai Marine Solution shares double in IPO
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Monzo boosts funding to $610 million to crack U.S., launch UK pensions
Monzo boosts funding to $610 million to crack U.S., launch UK pensions
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