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0 0 0.00014692918013525 -1.46929180140052E-06 -0.00014692918013525 0.000587716720540791 -0.000293858360270291 -0.00117543344108137
Stock impact report

Nike stock sinks 7% as the company braces for Trump's tariffs [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
The company beat modest earnings expectations for last quarter, reporting $11.3 billion in revenue and 54 cents per share in profit. “Geopolitical dynamics, new tariffs, volatile foreign exchange rates, and tax regulations” are among the challenges Nike faces, CFO Matthew Friend told the earnings call on Thursday. “Our fourth-quarter guidance includes our best assessment of these factors based on the data we have available to us.” That includes the estimated impact of newly implemented tariffs on imports from China and Mexico, Friend said, according to according FactSet's ( FDS ) transcript. The 20% duty on imports from China affects about 24% of Nike's suppliers, which could hurt margins if Nike can't offset the cost or raise prices. Fou Read more
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