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Market Update : 
Nike Jumps 6% on Strong Orders
Author: Elena Todorova
123jump.com
Last Update: 11:37 AM EDT June 27 2007


Nike jumped 5.8% after posting a 32% profit rise and the fastest growth in orders in the last four years. Nike reported Q4 net income of $437.9 million, or 86 cents per share, meeting the average analyst expectations. Revenue for the quarter increased 9% to $4.4 billion.

 

 

 

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