Nike Inc. posted a bigger-than-expected 32 percent jump in quarterly profit on Monday on strong sales in the key U.S. footwear market, pushing its stock higher.
The company reported net income of $432.3 million ($1.61 per diluted share) in the first quarter ended Aug. 31, compared with $326.8 million ($1.21) a year earlier. Analysts, on average, had expected $1.42 per share. Revenue rose 8 percent to $3.9 billion.
