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Nike posting a mixed bag of earnings with sales falling 10% in its 3rd quarter

Nike saw sales fall 10% in its third quarter due to ongoing shipping delays caused by the pandemic.

News 12 Staff

Mar 19, 2021, 4:33 PM

Updated 1,214 days ago

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Nike posting a mixed bag of earnings. The retailer saw sales fall 10% in its third quarter due to ongoing shipping delays caused by the pandemic.
FedEx also reporting earnings. The delivery company posting better than expected profits and revenues in its third quarter after what it called an "unprecedented" peak during the holiday shipping season.
Some junior investors at Goldman Sachs are threatening to quit if working conditions don't improve at the bank.


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