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Nike Profit Leaps Past Estimates

Stock quotes in this article: NKE  

Nike (NKE Quote) hurtled past analysts' profit targets in its fiscal third quarter, reporting a 32% jump in earnings amid strength internationally.

The Beaverton, Ore., athletic-wear giant earned $463.8 million, or 92 cents a share, for the third quarter, up from $350.8 million, or 68 cents a share, a year earlier.

Analysts polled by Thomson Financial projected earnings of 81 cents a share for the quarter ended Feb. 29.

Nike's sales rose to $4.54 billion from $3.93 billion, beating analysts' average estimate of $4.35 billion. ...

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