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Nike Q3 Profit and Revenue Up

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Nike’s pace is slowing, but the performance giant still ended its fiscal third quarter with profits up 20 percent.

On Tuesday, the company reported Q3 profit totaled $950 million, or 55 cents per diluted share. Revenue rose 8 percent to $8 billion, up 14 percent on a currency neutral basis, however it missed analysts’ average estimate of $8.2 billion.

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