Nike Inc (NKE) revealed a profit for third quarter that Dropped, from the same period last year
The company's earnings came in at $520 million, or $0.35 per share. This compares with $794 million, or $0.54 per share, last year.
The company's revenue for the period rose 0.1% to $11.279 billion from $11.269 billion last year.
Nike Inc earnings at a glance (GAAP) :
-Earnings: $520 Mln. vs. $794 Mln. last year.-EPS: $0.35 vs. $0.54 last year.-Revenue: $11.279 Bln vs. $11.269 Bln last year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.