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Nike: exceeds expectations in Q2

(CercleFinance.com) - On Thursday night Nike reported Q2 2017-18 earnings that are down 9% at 767 million dollars, or 46 cents per share, meaning EPS that is six cents above the consensus.

The US sports goods supplier saw its gross margin deteriorate by 120 basis points to 43%, on revenues that were up 5% at 8.6 billion dollars (+3% at constant exchange rates).

“This quarter, led by our Consumer Direct Offense, we accelerated international growth and built underlying momentum in our domestic business,” said Mark Parker, Chairman, President and CEO of NIKE.

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