Nike plummeted 8.6% in early Friday trading. The company reported revenue for the second quarter of fiscal year 2026 of US$12.43 billion, with earnings of US$0.53 per share, which exceeded expectations, but the stock price fell due to a 17% drop in sales in Greater China and pressure on tariffs squeezed profit margins; the North American market grew 9%.

Nike plummeted 8.6% in early Friday trading. The company reported revenue for the second quarter of fiscal year 2026 of US$12.43 billion, with earnings of US$0.53 per share, which exceeded expectations, but the stock price fell due to a 17% drop in sales in Greater China and pressure on tariffs squeezed profit margins; the North American market grew 9%.