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Nike shares surge after earnings

MongiIG

By MongiIG,
in Shares and ETFs

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US sportswear maker Nike reported an easy beat on Wall Street estimates for its fiscal second quarter. Shares rose 12.4% as the business reported net income of $1.33 billion.

This is the fourth quarter in a row where Nike has beaten analyst's expectations, enough to shoot shares to a four month high, despite higher costs squeezing margins

 

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