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Last night Nike (#NKE) announced their FQ3 earnings and investors are feeling mixed about the numbers. The company reported GAAP EPS of $0.90 (beat by $0.14) and revenue of $10.36B (+2.6% Y/Y).
Although revenues increased for the year, they were unable to beat analyst expectations and missed by $610M. The company blamed the slight increase on logistics problems and claimed that it slowed operations for up to three weeks. Since reporting, shares of #Nike are trading down to $135 (-3.28%). Will shares of Nike continue to slide? If they do, should investors begin buying?