US stocks move abnormally | Nike (NKE.US) plunges more than 10% before the market opens, with a year-on-year decline of 32% in net profit for the second quarter of fiscal year 2026.

According to the Wisdom Times Finance APP, on Friday, Nike (NKE.US) plummeted more than 10% in pre-market trading, reaching $58.80 at the time of publication. On the news front, Nike announced its second-quarter financial report for fiscal year 2026 ending November 30, 2025 on December 18. The data showed that the company's revenue for the quarter reached $12.4 billion, a 1% year-on-year increase according to the reported calibre, which was flat compared to the same period last year after excluding the impact of exchange rates, exceeding market expectations. Despite achieving moderate revenue growth overall, net profit fell to $800 million, a 32% year-on-year decrease; earnings per share were $0.53, lower than the $0.78 in the same period last year.