Shares of Nike (NKE) rallied up to 5% in after hours trading on Thursday. The seller of athletic footwear and apparel reported a strong set of second quarter results for its fiscal 2013 after the market close.
Second Quarter Results
Nike generated second quarter revenues of $5.96 billion, up 7% on the year before. A strong US dollar had a negative impact on reported revenues. In constant currencies, revenue growth would have come in at 10%. Revenues came in a bit lower than analysts expectations of $6.01 billion.
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