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Nike's Q3 earnings beat estimates as N American sales advance

Saturday, March 21, 2015 - 05:50
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JUGGERNAUT: Nike has been on a roll after revamping its struggling China division, and benefiting from the trend of consumers wearing fashionable athletic wear and shoes as everyday items.

New York

NIKE Inc, the world's largest sporting-goods maker, has posted a third-quarter profit that topped analysts' estimates, helped by demand for athletic footwear in North America.

Net income for the quarter ended Feb 28 rose 16 per cent to US$791 million, or 89 cents a share,