Nike’s Earnings Just Beat Wall Street’s Expectations

[wang1993]

Nike Inc, the adidas trainers world's largest footwear maker, reported quarterly revenue and profit that topped Street estimates as the company kept a lid on costs and saw greater demand in Western Europe, China and emerging markets. Shares of the Dow component air jordan 11 were up nearly 3 percent at $54.67 in after-market trading on Thursday. In the face of intense competition in North cheap air max shoes America and to promote its core brands such as ZoomX, Air VaporMax and Nike React, the company earlier in June said it would cut 2 percent of its global workforce and trim a quarter of its shoe styles as it looks to become nimbler. The company's selling, general air jordan retro cheap and administrative expenses fell 4 percent to $2.7 billion. Sales in Western Europe, Nike 's second-largest market, were up 4 percent in the fourth quarter ended May 31. Nike also said it saw cheap jordan shoes greater demand for its core brands including Jordan, and in sportswear and running categories in the quarter.