Nike's third-quarter profit declined.
March 24, 2023
American sports goods giant Nike reported a decline in third-quarter earnings on Tuesday despite beating Street expectations. The company reported revenue of $1.24 billion, or $0.79 per share. This compares with $1.40 billion, or $0.87 per share in third quarter of 2022. Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters.