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Reuters: Nike profit up but shares tumble on U.S. concerns

Started by chris, June 26, 2008, 01:41:07 AM

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chris

Nike profit up but shares tumble on U.S. concerns
      


SAN FRANCISCO (Reuters) - Nike Inc  stressed on Wednesday that it was still a growth company even as U.S. weakness spooked investors, sending shares down 5 percent on a day when the world's largest athletic shoe and apparel maker posted strong international results.
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