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Sportswear large Nike, Inc. (NYSE: NKE) on Tuesday reported a lower in earnings for the third quarter of 2023, when its revenues elevated by 14%.
Third-quarter web revenue was $1.24 billion or $0.79 per share, in comparison with $1.40 billion or $0.87 per share within the corresponding interval of fiscal 2022. The underside line was negatively impacted by a rise in working bills.
February-quarter revenues grew 14% from final 12 months to $12.40 billion. NIKE Direct gross sales had been $5.3 billion, up 17% from the prior-year quarter
Examine this area to learn administration/analysts’ feedback on Nike’s Q3 2023 earnings
“NIKE’s model distinction and powerful execution proceed to create separation within the market. Now we have made large progress on stock as we place NIKE for sustainable and extra worthwhile development,” stated Matthew Buddy, Nike’s chief monetary officer.
Prior Efficiency
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