Nike reports quarterly income boost

Nike’s fiscal first-quarter net income rose 15% as sales of its athletic gear rose faster than its costs.

Nike reports quarterly income boost
Fri, 23 Sep, 2011 - 08:22

Nike’s fiscal first-quarter net income rose 15% as sales of its athletic gear rose faster than its costs.

The world’s largest athletic shoe and clothing maker reported after the market closed yesterday that it earned 645 million US dollars, or 1.36 US dollars per share, for the quarter that ended on August 31.

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