BREAKING NEWS: Nike 1Q Results Race Past Expectations, Shares Jump

Shares of Nike were moving sharply higher in after-hours trading after the company posted 1Q results that easily surpassed Wall Street's views. Nike earned $1.36 a share on revenue of $6.1 billion, versus expectations of $1.21 a share on revenue of $5.74 billion. The stock is up about 6% in late trading.

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