Nike Stock Sinks On Earnings; Dow Giant Plans To ‘Streamline’ Business
[ad_1] Nike (NKE) reported late Thursday better-than-expected fiscal second-quarter earnings while revenue met expectations. The Dow Jones athletic apparel icon, seeing a “softer” sales outlook, is looking for ways to deliver up to $2 billion in cumulative cost savings over the next three years and is “taking steps to streamline the organization.” Nike stock plunged…
