Nike Stock Price Falls Drastically Amidst Disappointing Q4 Earnings

Nike shares took a tumble this morning due to the company announcing disappointing fiscal Q4 2024 results on Thursday. The NKE shares are currently down over 20% with the stock price at $75.04 USD at the time of writing.Nike reported revenues of $12.6 billion USD in Q4 2024, down 2% from analysts' projections of $12.84 billion USD. The figure was also below last year's revenue of $12.8 billion USD in the same three-month period. The decline is especially detrimental for Nike, which has already h...