Nike profit is up 9%
Published 4:00 am Thursday, December 18, 2008
BEAVERTON — Shoe and apparel company Nike Inc. said Wednesday that, despite weak domestic sales, its profit grew 9 percent in the second quarter on strong sales overseas. The Beaverton-based company reported its net income rose to $391 million, or 80 cents per share, compared with net income of $359.4 million, or 71 cents per share in the same quarter last year.