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Nike shares dive after company eyes $2 billion in cost cuts amid ‘softer’ outlook
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Nike shares dive after company eyes $2 billion in cost cuts amid ‘softer’ outlook

Nike shares dive after company eyes $2 billion in cost cuts amid ‘softer’ outlook
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Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a "softer second-half revenue outlook" on its quarterly earnings...
Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a "softer second-half revenue outlook" on its quarterly earnings call, and said it is aiming to save up to $2 billion over the next three years.
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