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 BEAVERTON, Ore. (AP) - Nike Inc. easily cruised past Wall Street's forecast in its last quarter as net income jumped 19 percent in the first report under its new chief executive.
Shares of Nike rose $1.87, or 2.2 percent, to close at $86.82 Wednesday on the New York Stock Exchange.
The world's largest maker of athletic shoes and apparel earned $325.8 million, or $1.24 per share on sales of $3.6 billion. That was up from $273.4 million, or $1.10 a share, in the same period a year ago.
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