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Nike Misses Earnings Estimates for First Time in Seven Years

  • Athletic brand’s shares slide in late trade before recovering
  • Sales meet projections, passing $10 billion for the first time
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Breaking Down Nike's Fourth-Quarter Earnings
Updated on

Nike Inc. did something highly out of character on Thursday: It missed earnings estimates.

The athletic brand posted profit of 62 cents a share, short of the 66-cent average projection. That hasn’t happened since the middle of 2012, seven years ago.