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Nike reports higher quarterly earnings, revenue

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Nike Inc. posted higher fiscal third-quarter earnings and revenue compared with the same time a year earlier.

Net income rose to roughly $1.5 billion, up from $847 million in the same quarter a year ago. Revenue was up to $10.4 billion from $10.1 billion.

However, both profits and sales were lower than expected by analysts.

Read more from MarketWatch.


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