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Nike Q3 Earnings Beat
Description
Nike beat Q3 estimates with $0.35 EPS and $11.28B revenue, but shares fell 7.3% to $47.50 in premarket as investors focused on weak spots — Nike Direct revenue fell 4% and Greater China dropped 7%. Wholesale rose 5% and North America grew 3%. Nike returned $609M to shareholders and ended the quarter with $8.1B in cash.
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