Nike’s CEO touts ‘immediate action’ to please shareholders. Shares are rallying after earnings.

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Shares of Nike Inc. rallied after hours on Thursday after the sneaker maker reported quarterly results that topped expectations, following a big leadership shakeup at the company earlier this year.

The results arrive as Nike

NKE tries to carve a path forward under its new chief executive, company veteran Elliott Hill, amid a demand backdrop that analysts expect to remain sluggish as consumers grapple with higher costs to get by.

This post was originally published on Market Watch

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