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Nike's Quarterly Earnings, Sales Higher Than Expected

(Beaverton, OR)  --  Beaverton-based Nike is reporting higher-than-expected quarterly earnings.  The sports apparel giant reported net earnings Thursday of one-point-12 billion dollars on sales of 10-point-33-billion dollars.  That earnings figure represents 70 cents a share, compared to the 59 cents a share Wall Street estimated.  Earnings are up 18 cents a share over the September through November quarter last year.

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