Beverly Hills 12/18/2009 8:55:44 AM
News / Business

Nike 2Q Profit Falls Less Than Estimated, Orders Rose 4 Percent

Finance World News Update by EQUITIES Magazine

Earnings of Nike Inc. were 76 a share, beating out analysts’ estimates of a 71-cent average. The company also announced that net income dropped four percent to $375.4 million.

 

In addition, the company reported a 38 percent boost in future orders from emerging markets.

 

Shares of the world’s largest athletic-shoe maker were up $1.40, or 2.2 percent, to $64.65. 

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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