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Financial News: Nike 3.5% earnings blast

Financial News:

Nike 3.5% earnings blast

Nike up in premarket

Nike's stock soared 3.5% in premarket trading after the company reported quarterly earnings of 83 cents per share, 20 cents over expectations.

Although revenue was slightly higher than expected, sales were hampered by a slowdown in production and shipping of the company's items, according to the sports footwear and apparel maker.

Photo: Earnings spike from late 2021 report.

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    Content ID: 1640093099 Created Tuesday, December 21, 2021 1:24 PM UTC by Aaron Stipkovich, Updated Tuesday, December 21, 2021 1:41 PM UTC by Aaron Stipkovich.