Nike Q1 profit falls on year-ago gain; sales grow

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Nike Q1 profit falls on year-ago gain; sales grow

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26-09-2008, 08:00 AM

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Nike Q1 profit falls on year-ago gain; sales grow

year earlier, when it benefited from a one-time tax gain. Excluding that item, profit rose in the quarter on sales growth around the globe. Investors, eager for good news in the market, sent Nike shar...

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