New: A daily newsletter defining what matters in business and markets

Stories

Nike shares fall despite solid quarter

Nike "swoosh" logo.
Photo by Drew Angerer/Getty Images

Despite topping earnings and revenue expectations, shares of Nike fell as much as 4% after the company reported first quarter results Tuesday.

By the numbers: Nike killed it in the North America market, raking in $4.14 billion in revenue vs. $4.09 billion expected. And that's without Nike's reported boost in online sales since its controversial ad featuring Colin Kaepernick. But investors are still concerned about higher production costs, and less-than-expected revenue in some international markets.

More stories loading.