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Nike 1Q Earnings Miss Estimates

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  • Description

    FBN’s Adam Shapiro breaks down Nike’s first-quarter earnings results.

  • Duration 0:53
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I'm Adam Shapiro we -- Fox Business brief Research in Motion plunges in extended trading after suffering a much bigger loss than expected during the first quarter.

The struggling maker of Blackberry lost 37 cents a share vs the forecast a loss of four cents.

-- expects the next several quarters to continue to be very challenging for its business.

Shares of -- -- tumbling after posting its first quarter results earnings per share fell short of estimates to about seventeen.

Revenue matching estimates at six point five billion dollars the company says it will continue to face headwinds during the economic slowdown.

And there was a late day comeback on Wall Street the bulls came charging during the last hour of trading took -- much of the day's losses.

At closing bell the Dow was down 24 points ending -- -- 12100602.

That's the latest from the Fox Business Network giving you the power -- cross.

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