Nike profit beats Street, shares up 6 pct
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Nike Inc. , the world's No.  1 sport shoe and apparel maker, on Thursday posted quarterly  earnings above Wall Street targets, boosting its shares nearly  6 percent and easing some fears that pricey styles bearing its  signature swoosh were losing their luster.
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Nike posted higher fourth-quarter net profit as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
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Nasdaq Stock Market Inc , the second-largest U.S. equities exchange, said on Wednesday that quarterly profit rose 12-fold, helped by a gain from the sale of its stake in the London Stock Exchange .
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NEW YORK (CBS.MW) -- Nike Inc. said late Thursday that strong domestic sales, coupled with increased demand from developing markets and a stronger euro, propelled robust second-quarter profit gains.
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Nasdaq Stock Market Inc , the  second-largest U.S. equities exchange, said on Wednesday that  quarterly profit rose twelvefold, helped by a gain from the  sale of its stake in the London Stock Exchange .
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Nike Inc. , the world's No.  1 sport shoe and apparel maker, said on Thursday that quarterly  net profit fell 13 percent as stock-based compensation weighed  on results, but the results topped Wall Street estimates.
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Cooper Tire and Rubber Co.  posted much better-than-expected quarterly profit on Thursday on strength in its key North American market, sending its shares up as much as 11 percent.
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Nike said yesterday that first-quarter earnings were up 25 percent as demand for its athletic shoes fueled the fastest United States sales gain in more than a year.
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U.S. stocks rallied on Thursday, with the S&P 500 touching a six-year high and the Nasdaq jumping more than 1 percent, after higher-than-expected earnings from companies, including Ciena and Costco, improved the outlook for steady profit growth.
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Nike has reported that first quarter revenues increased 18% to $3.6bn (â¬3bn), against $3bn (â¬2.5bn) for the same period last year.
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Nike yesterday reported record second-quarter earnings of nearly $262 million as a weak dollar helped overseas sales, while domestic orders rebounded.
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The Pepsi Bottling Group posted a profit on Tuesday that beat Wall Street estimates by a penny, despite flat volume.
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Nike Inc.'s  fourth-quarter profit rose nearly a third on surprisingly strong U.S. and foreign demand for its shoes and apparel, beating Wall Street estimates and sending its shares up 4 percent.
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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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Nike Inc. NKE.N, the world's  largest athletic shoe company, on Monday reported a 25 percent  rise in quarterly profit, beating analysts' estimates, on  growing demand for its namesake products in the United States.
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Apple Inc  beat Wall  Street targets with a 67 percent rise in quarterly profit on  Monday, led by strong sales of its Macintosh computers and a  big first full quarter from the iPhone, sending its shares up  nearly 6 percent.
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The Nasdaq rose on Tuesday after strong profit at Apple Inc.  suggested tech stocks may still have room to grow, while disappointing news from retailers, including Wal-Mart Stores Inc , crimped gains in the broad market.