Nike Profit Rises; Future Orders Soar 14 Percent

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Nike Profit Rises; Future Orders Soar 14 Percent

by Wochit 0:36 mins

Nike Profit Rises; Future Orders Soar 14 Percent

by Wochit 0:36 mins

Nike Inc on Thursday reported a higher quarterly profit from continuing operations as high margin products made up a bigger proportion of sales, and said global orders for merchandise for delivery by July rose 14 percent. The maker of sports gear earned $685 million, or 76 cents a share, in its fiscal third quarter ended February 28. Excluding discontinued operations, Nike had a profit of 76 cents per share for the quarter.

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