From: ASAP
Nike announced a drop in profits that nonetheless beat Wall Street's first-quarter earnings expectation by four cents. Nike posted earnings of $204 million, or $0.75 per share, compared to $210 million, or $0.77 per share, in the year-ago period. Revenue fell slightly year-over-year to $2.61 billion. The company had planned on reporting Monday, but postponed due to the terrorist attacks.
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