TheStreet’s Jim Cramer says he felt confident about Nike after listening to its conference call Thursday night. That’s because, he says, they did what everyone else should’ve done — they told their story in constant currency instead of giving one explanation of the weakness after another. That made the call very coherent, he says. Cramer says he loves the company’s China numbers and their Europe numbers. Nike did acknowledge weak American running shoe numbers but Cramer says they’re too hard on themselves. The sports apparel retailer posted third quarter earnings of $0.89 a share on revenue of $7.46 billion, up 7 percent year-over-year but a bit below the $7.6 billion analysts expected. Nike says it expects revenue growth for 2016 in the high single-digit range, lower than previous expectations.
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