Nike Inc (NYSE:NKE, ETR:NKE) shares are down more than 6% this week following an investor meeting with CEO Elliott Hill and CFO Matt Friend.
Analysts believe the challenges facing Nike will persist for several years.
e.l.f. Beauty Inc (NYSE:ELF) shares plunged after the cosmetics company slashed its full-year revenue guidance following weaker-than-expected sales in January.
The company now expects net sales in the range of $1.3 billion to $1.31 billion, compared to earlier estimates of $1.315 billion to $1.335 billion.
Canopy Growth Corporation (TSX:WEED, NYSE:CGC) shares plummeted after the Ontario-headquartered cannabis producer reported a greater-than-forecast loss for the fiscal third quarter.
For the quarter ended December 31, 2024, Canopy reported a loss of C$121.9 million, down from C$216.8 million for the same period in 2023.
Affirm Holdings surged over 13% in premarket trading on Friday after the buy now, pay later provider posted stronger-than-expected quarterly results and raised its full-year revenue outlook.
The company reported fiscal second-quarter revenue of $866 million, a 47% increase from a year earlier, exceeding Wall Street’s estimate of $807 million.
Nikola Corp (NASDAQ:NKLA) shares were down more than 38% in early trading Friday after a report from The Wall Street Journal said the hydrogen and electric truck technology company was close to filing for bankruptcy.
The report, published Thursday, said Nikola was working with advisors to explore options for restructuring its debt.