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Benzinga
Benzinga
Business
Adam Eckert

Why Nike Shares Are Trading Higher Today

Nike Inc (NYSE:NKE) shares are trading higher Tuesday after the company reported better-than-expected financial results.

Nike said fiscal third quarter 2022 revenue increased 5% year-over-year to $10.9 billion, which beat the $10.62 billion estimate. The company reported quarterly earnings of 87 cents per share, which beat the estimate of 71 cents per share. 

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