Nike Inc News

PORTLAND - Nike Inc. reported a 51% increase in fiscal first-quarter net income Thursday, boosted by higher revenue and favorable exchange rates for the world's largest athletic shoe and clothing company. Net income reached $569.7 million, or $1.12 per share, for the quarter ended Aug. 31, up from $377.2 million, or 74 cents per share, for the same period a year earlier. Earnings per share grew 24 % excluding a one-time tax benefit, and 51 % including it.