Nike Posts 10 Percent Rise in Profit
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Second-quarter profit was largely fueled by international sales growth, the athletic gear company said.
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The retailing giant Federated Department Stores Inc. on Wednesday reported a 10 percent increase in third-quarter earnings, citing improvements after Florida hurricanes hurt September sales.
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Polo Ralph Lauren Corp. on Wednesday posted a 49 percent jump in profit for its latest quarter as sales of women&#39;s clothing and children&#39;s wear helped results.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Global sportswear brand Nike has reassured market analysts with quarterly sales above expectations.
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Nike Inc.  boosted its quarterly dividend by 25 percent on Monday, citing strong cash flow and growth prospects as the world's biggest athletic shoe company has racked up record revenue and soaring profits the past few years.
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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 Inc. , the world&#039;s top  athletic shoe maker, on Tuesday reported a 5 percent drop in  quarterly net profit due to a one-time charge and said heavy  World Cup marketing spending would weigh on results in the  current quarter.
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German sports goods firm Adidas-Salomon on Thursday said its 2004 net income rose by 21 percent to 314 million euros (&#36;408.6 million), almost meeting analysts' expectations.
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Nike Inc. NKE.N said on Thursday its  second quarter earnings rose, boosted by strong demand in the  United States and overseas for its namesake athletic shoes and  Converse sneakers.
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Goodyear Tire &amp; Rubber Co  posted better-than-expected fourth-quarter profit on Thursday as it benefited from higher pricing and a focus on more profitable branded tires, and its shares jumped as much as 9.6 percent.
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Diversified manufacturer United  Technologies Corp. UTX.N on Friday said quarterly profit rose  10.5 percent on improved aerospace demand and strong growth in  its Otis elevator business.
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PORTLAND, Ore. Sept. 20, 2004 - Nike Inc. reported a better-than-expected 25 percent increase in first-quarter profits on Monday, helped by solid domestic and international sales.
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ASDA, the UK&#39;s second-biggest supermarket chain, revealed yesterday that profits rose by 10.4 per cent last year, driven by its continued push into non-food products.
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Investors applauded recent quarterly results at Nike, sending its stock up further after recent gains.
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NEW YORK, September 20  - Nike Inc (NKE.NYS) exceeded market expectations with 25% year-over-year profit growth for 1Q FY05.
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Caterpillar Inc.  said on Friday  its profit in the latest quarter rose more than 10 percent as  strong international mining, energy and construction sales  offset a decline in U.S. equipment and engine sales.