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<Results>Nike Reports 12% Decline in 4FQ Sales, Emphasizes Worst Is Over
Nike (NKE.US) announced that for the fourth fiscal quarter ending in May, EPS was US14 cents, exceeding the expected US13 cents. Revenue fell 12% YoY to US$11.1 billion, but surpas...
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<Results>Nike Reports 12% Decline in 4FQ Sales, Emphasizes Worst Is Over
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Nike (NKE.US)      announced that for the fourth fiscal quarter ending in May, EPS was US14 cents, exceeding the expected US13 cents. Revenue fell 12% YoY to US$11.1 billion, but surpassed the anticipated US$10.72 billion.

Following the earnings announcement, Nike's stock sagged 2% in after-hours trading.

Related NewsPersonal Spending MoM for May in United States is -0.1%, lower than the previous value of 0.2%. The forecast was 0.1%.
CFO Matt Friend stated that the fourth fiscal quarter marked the bottom for turning losses into profits, while envisioning that the headwinds will wane in the future.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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