First quarter earnings are now expected to rise 10.4 percent from last year.
Nike is losing its commanding lead over competitors like Adidas and Under Armour, Racked reports.
Nike reported earnings after the bell Tuesday where revenue fell slightly short of expectations.
Stocks closed mixed as Wall Street eagerly awaited a vote on the House's health care proposal and monitored oil prices.
Discussing Nike's quarterly earnings and growth trajectory with Scott Krasik, Buckingham senior equity research analyst, and Matthew McClintock, Barclays analyst.
The "Squawk on the Street" crew discuss Nike's quarterly results and growing competition from Under Armour and Adidas.
Some of the names on the move ahead of the open.
Nike reported lower-than-expected revenue as it battles for market share in North America with a resurgent Adidas and a fast-growing Under Armour.
Paul Trussell, Deutsche retail analyst breaks down Nike's quarterly results which beat on earning but missed on revenues as competition from Adidas and Under Armour pressure the stock.
These are the stocks posting the largest moves after the bell on Tuesday.
Nike reported third-quarter earnings after the bell on Tuesday.
CNBC's Sara Eisen reports on the after-hours action for Nike, including what CEO Mark Parker had to say on the conference call. The "Fast Money" traders weigh in.
U.S. equities fell sharply on Tuesday as banks faced pressure from falling yields, while investors turned their eyes to a key House vote.
Stacey Widlitz, SW Retail Advisors president, shares her reaction to Nike Q3 earnings.
Susan Anderson, of FBR Capital Markets, gives her forecasts for Nike earnings.
U.S. stock index futures pointed to a slightly higher open on Tuesday as traders focus on earnings and rising oil prices.
The Fast Money traders discuss which stocks they think still have an upside for retail investors.
Chris Verrone, Strategas Research Partners, discusses three stocks retail traders can still buy at market highs.
The "Fast Money" traders give you 8 ways to play retail.
U.S. equities closed mixed, with utilities lagging, while investors turned their eyes to comments from several Federal Reserve officials.