Check out the companies making headlines in midday trading. Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Nike also reduced its full-year outlook.
Kura Sushi USA — The sushi company plunged 25% after posting disappointing preliminary revenue figures for the third quarter. Kura expects quarterly revenue of $63.1 million, below a StreetAccount estimate of $65.6 million. Kura also lowered its full-year topline outlook. Digital Realty Trust — The real estate investment trust moved 2% higher following an upgrade at JPMorgan to overweight from neutral. The bank said Digital Realty Trust will benefit from artificial intelligence and cloud growth.
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