#nike #earnings #yahoofinance
Shares of Nike (NKE) are falling Friday morning after posting its second-quarter earnings and announcing a cut of up to $2 billion in production costs. The company also cites having to wade through tougher consumer environment due to economic headwinds. In addition, one of the key takeaways from the company's second-quarter results was a softness in digital traffic. Yahoo Finance Anchors Brad Smith and Seana Smith break down the key takeaways from the company's earnings as well as what it means for company outlook moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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