By  on June 27, 2019

Nike Inc. missed Wall Street’s earnings forecasts, overshadowing its first $10 billion quarterly revenue figure and sending its share price down in after-hours trading.

The Beaverton, Ore.-based activewear giant’s fourth-quarter earnings came in at $989 million, or 62 cents a share, compared with $1.14 billion, or 69 cents a share, a year earlier. Analysts had on average been expecting 66 cents a share, according to IBES data from Refinitiv.

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