US Stock Market Move | NIKE, Inc. Class B(NKE.US) rises nearly 4% against the trend, with an 18% increase since the performance review.

On Tuesday, NIKE, Inc. Class B (NKE.US) rose nearly 4% against the trend, with post-performance cumulative increase of 18%, closing at $73.72. In terms of news, the financial data for the fourth quarter disclosed by the company on June 27 showed that NIKE, Inc. Class B achieved revenue of $11 billion for the quarter, a decrease of 12% compared to the same period last year, but still 3.8% higher than the market forecast of $10.72 billion. The decrease in adjusted earnings per share of $0.14 was 86%, but outperformed expectations by 2 cents. The gross margin narrowed by 440 basis points, slightly better than the analysts' expected contraction of 40.3%. Sales in North America, Greater China, and Europe, Middle East, and Africa markets all saw double-digit declines, but the actual decreases were within the expected range. NIKE, Inc. Class B stated that the downward trend in annual sales is beginning to ease, indicating that CEO Elliot Hill's strategic initiatives are starting to pay off.