06-26-2020, 05:23 AM
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#254
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Beijing Joe Birdbrain
Join Date: Jun 2019
Location: Sea of Green 23.4°
Casino cash: $10021700
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New York (AFP) – Sports giant Nike reported a surprise loss Thursday as shutdowns due to COVID-19 prompted a big drop in revenues in spite of higher online sales. Nike reported a loss of $790 million in the quarter ending May 31, which translated to a loss of 51 cents per share compared with analyst expectations for nine cents per share in profit. Revenues tumbled 38 percent to $6.3 billion following huge declines in sales in most of the world. In North America, the company’s biggest operating region, revenues plunged 46 percent to $2.2 billion.
https://www.breitbart.com/news/nike-...-covid-19-hit/
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