20.03.2015 - Nike profit rose again
According to the Nike company in the 3rd quarter of the fiscal year, the company's profit rose to 791 million dollars against 682 million in the same period of the previous year. Sales rose by 7% to 7.46 billion dollars, which was less than analysts' forecasts of 7.62 billion dollars. Negative for the company's financial results have been changes in the foreign exchange market. According to our estimates the company will increase sales in the near term due to marketing strategy. In this regard, we expect further growth in the company's shares by 20-22% by the end of the year.