Nike shares slip ahead of Q4 results as investors await signs of turnaround

Nike shares edged down 0.22 percent to $41.39 ahead of its fiscal Q4 earnings, with the stock down 34.66 percent year-to-date amid slowing sales and weak demand. The company has guided for a 2-4 percent drop in Q4 revenue, weaker than the 1.9 percent growth analysts had expected, although tariff refunds could provide an unexpected boost. Greater China revenue declined 7 percent YoY to $1.62 billion in Q3, while North America rose 3 percent, and analysts project EPS of 13 cents on revenue of $10.86 billion for the upcoming quarter.