Nike profit hit by costs, shares fall

Nike Inc missed quarterly profit estimates for the first time in at least two years as higher spending and increased costs of materials used in its shoes and T-shirts hurt margins, while demand eased in international markets. The results sent shares of the world's largest sportswear maker down nearly 13 percent in extended trading on Thursday. Orders of Nike branded shoes and clothes scheduled for delivery from June through November, a closely-watched metric of demand known as "futures orders"

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