By Nivedita Balu (Reuters) - Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours. "I think where the market might be slightly disappointed is around the gross margins ... it is slightly weaker than expected," MainFirst Bank analyst John Guy said.
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Wednesday, 26 September 2018
Nike profit tops targets but margins disappoint some
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