Nike profit rises, futures orders up 13 percent

Thu Dec 19, 2013 4:26pm EST

Dec 19 (Reuters) - Nike Inc on Thursday posted a rise in quarterly profit as higher margin products made up a bigger proportion of its sales, and the maker of sports clothes and shoes said global orders for merchandise for delivery by April was up 13 percent.

The company earned $537 million, or 59 cents a share, in its fiscal second quarter ended Nov. 30, up 40 percent from the year-ago period. Excluding discontinued operations, profit was up 3 percent.

Total revenue rose 8 percent to $6.43 billion.

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A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

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