Analysts lowered their predictions for Nike after the company shared its first-quarter results.

NKE · Nike Inc.

The AI's read

That points to lower sales and profit than analysts expected for the coming year. The quarter did bring one bright spot: adjusted profit per share beat estimates. But sales missed, and Nike's own forecast points to a tougher year. Its profit forecast is below estimates even after leaving out about $0.15 per share in restructuring costs.