LIVE: Nike reports earnings (NKE)
Brian Snyder/Reuters
Nike reported on Tuesday reported earnings and sales for its fiscal second quarter that were better than expected.
Its adjusted earnings per share was $0.50, beating the forecast for $0.43. Sales totaled $8.2 billion, topping analysts' expectation for $8.1 billion.
The company is the worst performer on the Dow this year, with its stock down about 17% through the market close on Tuesday. It is on pace for its first annual decline since 2009.
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