Nike shares are 12% higher in premarket trading after the company beat Wall Street estimates for quarterly revenue on Tuesday, helped by persistent demand for its sneakers and sportswear in North America and Europe.
Nike posted a profit of 85 cents per share in the second quarter ended November, topping an average estimate of 64 cents, according to Refinitiv data.A FedEx Express courier inside the delivery truck. FedEx said prioritizing actions quickly reduce costs in order to align fiscal 2023 costs with weaker-than-expected volume.
FedEx said adjusted profit fell to $815 million, or $3.18 per share, from $1.3 billion, or $4.83 per share, for the fiscal second quarter Posted by Ken MartinThe nationwide price for a gallon of gasoline slipped Wednesday to $3.108, according to AAA.A year ago, the price for a gallon of regular gasoline was $3.302.
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