But Chief Executive Mark Parker did talk of a recovery, equating gradual improvement in the world economy with the upward curve of the company logo.The weak outlook overshadowed slightly better than expected earnings for its 2009 fiscal fourth quarter that ended May 31. Nike shares fell to $50.50 in extended trading after closing at $53.02 in regular trade on the New York Stock Exchange.Looking to 2010, Nike sees gross margin headwinds due to currency fluctuations and Chief Financial Officer Don Blair said revenues would be flat to slightly down on a currency neutral basis, with lower revenues in the first half of the year, particularly in the first quarter.Nike has responded to the global downturn by slashing expenses, compensating for dwindling sales. It is cutting back on marketing, terminating orders from factories in Asia, and laying off 5 percent of global staff.Net income in Nike fiscal fourth quarter fell to $341.4 million, or 70 cents per share, from $490.5 million, or 98 cents per share, a year earlier.The results included a $144.5 million after tax charge, or 29 cents per share, related to the job cuts and a company wide realignment involving factory consolidation.Excluding charges, it earned 99 cents per share, above the 96 cents expected on average by analysts, according to Reuters Estimates.BRAND CACHET Beaverton, Oregon based Nike which counts sports superstars Kobe Bryant and LeBron James among its stable of highly paid endorsers has weathered the downturn better than some peers, riding its brand cachet and a diverse portfolio of products sold at various prices and channels.Still, revenue slid 7 percent in the quarter to $4.7 billion.
Laxkid Thanks a lot bro! Yeah they feel very similar, the difference is mostly in the bottom sidewall and how that kind of catapults the ball out when shooting, adding more whip to any pocket (In the Elite10). You should post yours, I be interested in checking that out. I was gonna cop a chrome one just for fun but I way too cheap to drop the extra 20 spot..
Work outs as the physicians say is a very effective way to have healthy and good body. There are many work out routines for children as well as adults that are very easy to achieve also it is very easy to do. Sometimes this work outs actually are our daily physical activities.
Or, worshiping RIVERS, playing with pet FALCONS and YOUNG BOY companions, running the PUBLISHING industry after marrying GREEK billionaires, murdering BLOND sex slaves who threaten to tell, hanging out with the mafia, being the mafia, letting the mafia rig ELECTIONS for them, or being addicted to drugs. Yes, very good Catholics.) So the Atlantean Ruling Class would just love to make the transition away from their easily decoded behavior modification device, Christianity, which is, for them, literally living a lie, to something that says incest makes heroes, we all worship Atlantis, Lucifer (Lucius) is the real name of Jesus, and let’s all get back to Atlantean/Egyptian/Greek/Roman/Byzantium/Renaissance luxury living while you good little helpers be our willing slaves. We’ll even cut taxes if you don’t cause trouble!.