Apple CEO Tim Cook (R) speaks during the China Development Forum on March 24, 2024, in a discussion about carbon neutrality with Tsinghua University School of Economics and Management Dean Bai Chong-en. China News Service | China News Service | Getty Images BEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, … Read more
Check out the companies making headlines in midday trading. Nike — The sneaker brand fell nearly 8% after the company gave a soft outlook for the full year and reported that sales in China have been slowing . In its latest quarter, Nike reported beats on the top and bottom lines. Lululemon — The athleisure … Read more
Check out the companies making headlines before the bell. Nike — The stock slumped 6.2% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third quarter, despite posting better-than-expected quarterly earnings and revenue, boosted by North American sales and price changes. Lululemon — Shares tumbled nearly 13% after the athletic … Read more
Check out the companies making headlines after the bell : Nike — Shares reversed and dropped 5% after the athletic footwear retailer noted that its sales in China are slowing down. In its latest quarter, Nike beat Wall Street’s expectations . The company posted earnings of 77 cents per share on $12.43 billion of revenue, … Read more