Nike – The U.S. sports giant beats profit expectations, but China and a gloomy cockpit cause the stock to plummet!

Nike exceeds expectations with $0.20 per share and $10.97 billion in revenue, but a weak China market and bleak outlook drive shares down by up to 4%. CEO Hill promises a "sports offensive" – however, the turnaround may not ignite until 2027. Numbers Above Plan – Stock Still in Freefall Nike has surpassed analysts' expectations with its fourth-quarter results, yet failed to convince investors. Adjusted for a special effect from anticipated customs refunds, the company earned $0.20 per share – significantly more than the market's expected...