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Nike Shares Slip After Warning About Next Year's Results

Shares of Nike are falling on Friday, one day after the company reported better-than-expected third quarter profit and sales. The company reported total revenue that rose to $6.97 billion, beating analyst expectations for $6.69 billion, according to Thomson Reuters. On a weaker note, future orders in China for the third quarter fell 1% -- and going forward, Nike warned that weaker currencies in key emerging markets will weigh on next year's reported revenue, gross margin and profit growth.