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Market movers: Stocks seeing action on Monday - and why
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Nike Full-Year Revenue Likely to Beat Forecast As Online Sales Soar
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Nike raises full-year sales forecast, posts surprise earnings growth
Under lockdown, people have also been logging into Nike s workout and store apps en masse, driving significantly higher online sales all year. The company reported a 12% increase in profit to $1.25 billion, or 78 cents per share, beating analysts expectations of 62 cents per share. December 19, 2020 11:19:04 am
Nike said digital sales jumped 84%, with triple-digit growth in North America - its biggest market - and strong double-digit increases in other parts of the world. (AP Photo/Alan Diaz, File)
Nike Inc said on Friday that full-year revenue will likely be better than previously expected, after COVID-wary shoppers demanding outdoor sportswear drove its third consecutive surge in online sales.
Nike posts surprise earnings growth on lower costs, strong digital demand
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