In early Friday trading, Nike Inc. (NYSE: NKE), a component of the Dow Jones Industrial Average, fell 1.9%.
On Monday, the company reported first-quarter revenue of $11.7 billion, representing a 1% year-over-year increase, finally reversing the decline seen in recent quarters. Net income dropped 31% year-over-year to $727 million, though this represented a narrowing compared to the previous quarter.
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