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Nike CFO Brands This Tech a ‘Critical Enabler’ After Blowout Q1 Earnings

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Nike had a strong reversal of fortunes in its first quarter after seeing a net loss of $790 million to close out fiscal 2020, with net income climbing to $1.52 billion, or 95 cents per share, from $1.37 billion, or 86 cents per share, a year earlier.
CREDIT: John Nacion/STAR MAX/IPx/AP Images

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Nike had a strong reversal of fortunes in its fiscal first quarter after seeing a net loss of $790 million to close out fiscal 2020, with net income climbing to $1.52 billion, or 95 cents per share, from $1.37 billion, or 86 cents per share, a year earlier. The earnings per share far outperformed the…

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