Nike shares booted lower despite Q4 earnings beat

Sportwear giant Nike’s (NYSE:NKE) Q4 results were sufficiently encouraging to suggest CEO Elliott Hill’s turnaround strategy has some traction. Revenues and earnings beat Wall Street estimates. And in another positive, the trainers-to-soccer balls titan received a one-off tariff refund of almost $986 million. So why did investors give the shares the boot after the Wall … Continue reading Nike shares booted lower despite Q4 earnings beat