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Nike shares pop after first quarter outcomes. This is what the professionals say
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Published
2 months agoon
Market Movers rounded up the most recent reactions on Nike from traders and analysts. The professionals mentioned the maker of Air Jordan athletic sneakers after it reported combined fiscal first-quarter outcomes. Nike reported income of $12.94 billion as an alternative of the anticipated $12.98 billion, however earnings beat expectations at 94 cents per share. The newest financials mark the primary time in two years that the sneaker big missed on income. Regardless of the combined outcomes, Nike shares surged Friday, closing up 6.7%.
