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Earnings and Outlook Roundup

Nike's profit rises on foreign sales

December 20, 2007|From the Associated Press

Nike Inc.'s second-quarter profit grew 10%, largely fueled by international sales growth.

The athletic shoe and clothing company reported net income of $359.4 million, or 71 cents a share, up from $325.6 million, or 64 cents, a year earlier.

The results exceeded analysts' expectations.

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