Nike answered some critics on Wall Street Thursday with earnings that topped expectations. Several analysts this week speculated slow sales in China would ding the footwear and apparel giant's overall sales for the fourth quarter that ended on May 31. Sales in China were flat, but that didn't stop the company from exceeding the sales and profitability levels forecast by Wall Street stock-pickers. Analysts predicted earnings of 74 cents per share and $6.64 billion in revenue, according to Thomson…
Reported by bizjournals 2 hours ago.
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