premarketdaily$NKE beat Q3 — EPS $0.35 vs $0.29 consensus, revenue $11.28B vs $11.24B. Then fell 2.6% after hours. Why? Q4 guidance: sales –2% to –4% vs Street's +1.9% expectation. China expected to decline 20% next quarter. Converse collapsed 35%. Gross margin down 130bps on tariffs. Beat and guide down. The trough is extending.
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Nike (NKE) beats EPS and revenue but falls 2.6% after hours — Q4 guidance of –2% to –4% and a 20% China decline hit harder than the headline beat
NEW YORK, April 1, 2026 — Nike (NYSE: NKE) delivered a Q3 FY2026 results beat on both the top and bottom line Tuesday evening, but the stock fell approximately 2.6% in extended trading — and is indicated lower again in Wednesday's premarket — as investors looked past the better-than-feared quarterly figures and focused on forward