Nike profit rises and advance orders jump

(Reuters) – Nike Inc’s quarterly profit rose as higher margin products made up a bigger share of its sales, and the sportswear maker said global orders for merchandise for delivery by April increased 13 percent. Nike shares rose 0.6 percent to $78.75 in extended trading. Total revenue rose 8 percent to $6.43 billion in the second quarter ended November 30, just below the $6.44 billion Wall Street analysts had forecast on average. But so-called futures orders, of shoes or clothes for delivery between December and April, rose to $10.4 billion. …


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