Shares of Nike (NKE) are rallying in a
response to a strong set of results, released after the market close on
Thursday. The global developer, marketer and seller of athletic footwear,
sporting equipment, apparel and accessories reported strong third quarter
results.
Third Quarter Results
Nike generated third quarter revenues of $6.19 billion, up 9% on the year before. In constant currencies, revenue growth would have come in another percent point higher. Revenues came in slightly short of consensus estimates of $6.23 billion, due to a disappointing performance in China.
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Third Quarter Results
Nike generated third quarter revenues of $6.19 billion, up 9% on the year before. In constant currencies, revenue growth would have come in another percent point higher. Revenues came in slightly short of consensus estimates of $6.23 billion, due to a disappointing performance in China.
Read the entire article on Seekingalpha by clicking the following link
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