Nike whipsaws after mixed earnings report (NKE)

Nike's stock was whipsawed after the company released a mixed first-quarter 2018 earnings report.
The athletic shoe and apparel retailer reported profit of $0.57 per share, exceeding analyst estimates of $0.48. Nike also reported quarterly revenue of $9.07 billion that fell slightly short of the consensus forecast of $9.09 billion.
"This quarter, we captured near-term opportunities through our new Consumer Direct Offense," Nike chairman, president and CEO Mark Parker said in