Nike (NKE) guides on its FQ1 call for FQ2 annual revenue growth in the mid-single digits,...

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike (NKE) guides on its FQ1 call for FQ2 annual revenue growth in the mid-single digits, in-line with a 4.7% consensus. Gross margin is expected to be flat Q/Q. But shares are down 3.5% AH, as investors continue worrying about futures orders growth and Chinese demand. Chinese orders fell 6% Q/Q, Nike mentioned on its call - a slowing economy, changing consumer habits, and inventory draw-downs all received blame.