NIKE REPORTS EARNINGS RISE FOR 3RD QUARTER
Nike Inc.'s fiscal 3rdQ earnings jumped 51%, topping some estimates and reflecting "strong demand at most of its shoe and clothing businesses." Nike's net income for the period was $95.3M compared with $63.2M in the same period last year. Nike stock closed at $78, up $1.625. Nike Chair Philip Knight said Nike's revenue was more balanced than at "any point in its history" (WALL STREET JOURNAL, 3/17).