News; adidas Nemeziz Messi 17.1 FG Soccer Cleats - Solar Yellow/Core B

Published: Wednesday 13 December, 2017

Business and Finance News Profit margins were helped by Nike's shift toward more profitable products and businesses, higher average prices and an easing in the cost of raw materials. Net income for the three months that ended on November 30 rose to $US537 million ($A607.78 million), or 59 US cents per share. That compares with net income of Adidas Nemeziz 17.1 FG million, or 57 US cents per share, last year. The company, based in Beaverton, Oregon, said revenue rose eight per cent to billion from billion.

Analysts expected earnings of 58 US cents per share on revenue of $US6.44 billion, according to FactSet. Selling and administrative costs rose 14 per cent to $US2.1 billion as the company ramped up advertising and marketing ahead of upcoming global sporting events like the World Cup and Winter Olympics in 2014. At the end of the quarter, adidas Nemeziz Messi 17.1 FG Soccer Cleats worldwide future orders for Nike brand shoes and clothes scheduled to be delivered between December 2013 and April 2014 rose 12 per cent year over year to $US10.4 billion.

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