After-hours movers: Nike, Infinera, Accolade and more

After-Hours Stock Movers:

Nike (NYSE: NKE) fell 6% after it reported results for its fourth quarter, with revenue missing the average analyst estimate. Management said it is taking actions to reposition Nike to be more competitive.

Accolade (NASDAQ: ACCD) fell 25% after it issued full year guidance that was well below the average analyst estimate.

Kura Sushi (NASDAQ: KRUS) fell 11% after it warned third quarter and full year revenue would be below consensus estimates. Management said financial results did not meet its expectations, due largely to unanticipated softness in the California market.

Infinera (NASDAQ: INFN) surged 23% after Nokia (NYSE: NOK) agreed to acquire the company for $2.3 billion, or $6.65 per share, a premium of 28% to Infinera’s share price at the close yesterday.

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