Nike’s fiscal first-quarter profit rose 9% as a surge in emerging-market sales, less inventory and fewer discount sales offset the negative effect of foreign-exchange rate changes. Shares fell in extended trading after the company’s sales lagged analyst estimates.
Continue reading Nike Profit Rises 9% on Emerging Markets, Revenue Lags Estimates
Nike Profit Rises 9% on Emerging Markets, Revenue Lags Estimates originally appeared on DailyFinance on Thu, 23 Sep 2010 17:15:00.
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