Nike Shares Fall to 11-Year Intraday Low After Weak Quarterly Sales Outlook
The company said its current-quarter sales outlook was weaker than expected during its third-quarter earnings report, prompting a sharp market reaction.
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Terms & Concepts
Earnings report: A company filing or update that outlines financial results for a specific quarter or year.
Sales outlook: Management’s forecast for future revenue performance, often used by investors to gauge business momentum.