Nike profits run ahead

Nike has reported that first quarter revenues increased 18% to $3.6bn (€3bn), against $3bn (€2.5bn) for the same period last year.

First quarter net income totaled $326.8m (€269.2m), or $1.21 per diluted share, compared to $261.2m (€215.1m), or US 0.98 per diluted share in the prior year.