Nike shares pop after mixed first-quarter results. Here's what the pros say
September 29, 2023
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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%.
