Nike Posts Q2 Earnings Amid New CEO’s Promise to Re-Engage with Sport
Nike has released its fiscal second-quarter earnings report, showing revenue of $12.35 billion, which beat market expectations but still lagged behind last year’s $13.39 billion. Adjusted earnings per share came in at $0.78, below estimates and last year’s $1.03. The company’s new CEO, Elliott Hill, who took over 60 days ago, has outlined a plan … Read more