Earnings beat estimates while revenue fell short.
Cash and equivalents and short-term investments were $9.9 billion at the end of the quarter.
“NIKE’s second-quarter financial performance was a turning point in driving more profitable growth. As we look ahead to a softer second-half revenue outlook, we remain focused on strong gross margin execution and disciplined cost management.” – Matthew Friend, CFO
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The stock was down over 11% during premarket hours on Friday.
Prior performance
