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June 27, 2007
Nike's Earnings Surge 32 Percent
Nike’s earning surged nearly 32 percent in the company’s fourth-quarter, underscoring the continued popularity of athletic footwear.
The Oregon-based company reported income of $438 million on sales that increased 9.4 percent to $4 billion.
Nike said that it saw growth across all regions and categories, and particularly in its Converse division.
Posted by Blacks on June 27, 2007 09:45 AM
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