Nike’s stock slipped in after-hours trading as the sportswear giant’s future orders fell shy of projections.
Nike is falling out of favor with Wall Street analysts as stocks are off to a quiet start following the first presidential debate.
Stocks were slightly lower as Finish Line investors sell off the stock displeased with inline earnings even though sales increased.
Stocks are moving higher as the labor market strengthens and E.l.f. Beauty prices its IPO above the planned range.
Retail, luxury stocks also rise.
The company broke the billion Australian dollar sales mark for the first time.