Nike (NKE) shares plunged in pre-market trading on Wall Street despite a Q3 earnings ‘beat’ from the sneakers-to-soccer balls brand. The catalyst was a downbeat Q4 revenue outlook provided by Nike. Nike Share price: $47.2 (-10.7%) Market cap: $78.2bn PE: 30.1x This heightened concerns that the conflict in Iran could halt the sportswear titan’s turnaround … Continue reading Why Nike shares tumbled overnight