Nike posts mixed quarterly results

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Athletic apparel company Nike posted mixed quarterly results.

The company's profits of $1.16 per share beat the $1.12 estimate by analysts. However, revenue of $12.2 billion was lower than the $12.5 billion that was expected.

Company officials cited port and railroad issues, as well as Vietnam factory closures, for a downgraded outlook for the remainder of the fiscal year.

Read more from Barron's.