Nike’s results top estimates. But CEO says they’re still ‘not where we want them to be.’ - MarketWatch
1. Nike's Q4 earnings beat expectations at 14 cents per share. 2. Revenue declined 12% year over year to $11.1 billion. 3. New CEO Elliott Hill acknowledges financial results aren't satisfactory. 4. Shares dropped 0.7% after hours, continuing a 17% decline this year. 5. Analysts suggest competition and weak demand may stabilize soon.