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 BEAVERTON, Ore. (AP) - Nike Inc. said strong U.S. sales boosted second-quarter profits 15 percent to $301 million, but shares of the world's largest athletic shoe and clothing company slumped in late trading Tuesday as future orders fell short of expectations.
Nike earned $1.14 per share for the quarter, 11 cents better than the $1.03 per share predicted by analysts surveyed by Thomson Financial. The company posted a profit of $261.9 million, or 97 cents a share, in the same fiscal period last year.
Sales rose 10 percent, to $3.5 billion, from $3.1 billion for the second quarter of 2004.
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