Nike Shares Fall Amid Sluggish North American Sales Performance

Despite posting 7 percent revenue growth year-over-year for Q3 (at $9.611 billion), Nike shares took a sizable hit on Friday after the company posted weaker-than-expected sales for its North American market. The brand also pitched waning expectations for Q4, saying that it expects to actualize with low single-digit gains compared to last year. Nike stock prices were down more than 5 percent to $82.54 USD as of 2:30 p.m. EST. On Thursday, the brand had closed at a record-high of $88.01 USD, incre...