Nike Profit Up 10%, Pushed by Overseas Sales
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Nike, the worldâs largest maker of athletic footwear and apparel, said Wednesday that its quarterly net profit jumped 10 percent, helped by strong international demand.
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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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Omnicom Group Inc. , the world's largest advertising services company, said on Tuesday fourth-quarter profit rose nearly 10 percent as it reaped the benefits of investments overseas, including China.
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Australian travel retailer Flight Center Ltd.  said on Thursday its first-half profit rose 10 percent, boosted by recent acquisitions despite disappointing sales growth.
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Wm Wrigley Jr Co  on Monday posted a higher quarterly profit, helped by sales overseas, and announced an increased dividend.
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Nike Inc. NKE.N 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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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, with especially strong demand in overseas markets.
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Omnicom Group Inc. , the  world's largest advertising services company, said on Tuesday  fourth-quarter profit rose nearly 10 percent as it reaped the  benefits of investments overseas, including China.
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Nike Inc.  said on Wednesday  that quarterly profit jumped 10 percent, topping Wall Street  estimates on strong U.S. demand for its footwear and robust  growth overseas, sending shares up over 3 percent in  after-hours trade.
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Third-quarter profit rose 5 percent, helped by sales growth in its U.S. retail market and Canada, the company said.
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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 more than 5 percent.
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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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French bank Societe Generale SA on Tuesday posted a 10.3 percent increase in third-quarter net profit, boosted by higher revenues from international retail banking and a better-than-expected result at its corporate investment banking operations.
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Luxury jeweler Tiffany & Co.  said on Thursday that quarterly profit rose, helped by strong sales in U.S. and international markets, with the exception of Japan.
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Shares of Apple Computer Inc.AAPL.O  rose more than 10 percent in early trade on Thursday, boosted  by its report that quarterly profit and revenue jumped on  robust sales of its iPod digital music players, and optimism  for results in the current quarter.
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Nike Inc. NKE.N on Thursday said its  second-quarter earnings rose a surprisingly large 46 percent on  strong sales in the United States and in emerging markets like  China, while a weaker dollar beefed up profits in Europe.
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Caterpillar Inc.  said on Friday its profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.