Nike 1Q profit falls on year-ago gain, sales grow

Nike Inc. said Wednesday that its profit fell in the fiscal first quarter from a year earlier, when it benefited from a one-time tax gain. Excluding that item, profit rose in the quarter on sales growth around the globe.

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Overseas Sales Help Nike Earnings Rise

Nike Inc.'s third-quarter profit jumped more than 30 percent because of strong sales overseas and a weak dollar, the athletic shoe and apparel company said Wednesday.

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Nike Posts 10-Pct Rise in 2Q Profit

Nike Inc.'s second-quarter profit grew 10 percent, largely fueled by international sales growth, the athletic shoe and clothing company said Wednesday.

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Huge amounts of advertising money are flowing out of the traditional media and into alternatives — even as ad budgets in general are growing.

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The 197-mile Nike Hood to Coast relay race is a road trip punctuated by bursts of racing, including at least one middle-of-the-night effort.

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Nike also announced that it will suspend the release of its latest product line named after the Michael Vick following his indictment.

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