Don't Be Afraid To Buy Nike

Athletic footwear and apparel maker Nike ( NKE - news - people ) said late Wednesday that its fiscal third-quarter profit more than doubled from last year, when results were hampered by a big one-time charge.

Yahoo! BuzzThe Beaverton, Ore.-based company reported fiscal third quarter net income of $496 million, or $1.01 per share, compared with $244 million, or 50 cents per share, in the year-ago period. On average Wall Street analysts expected a much lower profit of 89 cents per share for the quarter.

Revenue rose 7% from last year, to $4.7 billion.

Read Full Article from Forbes

- Posted: 2010-03-18 10:54:37

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