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Nike beat on earnings, but an important measure of future sales whiffed (NKE)

Nike on Tuesday reported fiscal-first-quarter earnings that beat expectations for profits and revenues, amid investor concern about how it's faring in a weak US market for athletic apparel. The company posted adjusted earnings per share of $0.73 on revenues of $9.1 billion. Analysts had estimated that the company reported $0.56 in adjusted EPS on revenues of $8.87 billion, according to Bloomberg.
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