Nike (NKE) fell 5.3% in AH trading, not just because it missed earnings estimates for the first...

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

Nike (NKE) fell 5.3% in AH trading, not just because it missed earnings estimates for the first time in 19 quarters but because it expects higher costs for cotton, labor and transportation to eat into its profit margins. Up next: across-the-board price hikes on its products.