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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nike Inc | NYSE:NKE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.89 | 2.09% | 92.23 | 92.45 | 90.91 | 91.16 | 7,337,955 | 00:01:37 |
From May 2019 to May 2024
By Tess Stynes
Nike Inc. said its revenue rose 6% in the latest quarter as the athletic gear giant's growth in most of its international markets offset sluggish sales in its North American business.
For the period ended May 31, Nike's revenue rose to $8.24 billion from $7.78 billion a year earlier. Analysts polled by Thomson Reuters expected revenue of $8.28 billion. Excluding currency fluctuations, revenue improved by 9%.
Shares of Nike slid 6.4% to $49.80 in after-hours trading.
The world's largest sportswear maker by revenue reported that its sales in North America edged up 0.1% to $3.74 billion.
In all, Nike reported a profit of $846 million, down from $865 million a year earlier. On a per-share basis, earnings were flat at 49 cents amid fewer shares outstanding. Analysts expected per-share profit of 48 cents.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 28, 2016 16:44 ET (20:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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