Nike Inc.’s stock rose nearly 8% in extended trading Tuesday after the sporting-goods retailer reported early holiday earnings and sales are tracking solidly higher than Wall Street expected, though inventories remain high and a forecast could still loom.
Analysts surveyed by FactSet had expected on average net earnings of 64 cents a share on revenue of $12.58 billion.
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People need shoes
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Profits are easy when workers make less than $3 an hour! KingJames seems to enjoy the cheap labor! Nike !
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