Nike pre-market trading fell nearly 14%, and Q4 performance missed expectations. The company's Q4 revenue was USD 12.61 billion, with analysts expecting USD 12.86 billion; Q4 EPS was USD 0.99, compared to USD 0.66 in the same period last year; Q4 gross margin was 44.7%, and analysts expected 45.3%. The company lowered its full-year performance guidance and expects first-quarter revenue to decline by approximately 10%. Morgan Stanley downgraded Nike to Neutral and target price is USD 79.
耐克美股盘前跌近14%，预计第一财季营收将下滑大约10%
Nike pre-market trading fell nearly 14%, and first-quarter revenue is expected to decline by approximately 10%.
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