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March 22, 2013
Nike 3rd quarter net income jumps
BEAVERTON, Ore. (AP) — Nike Inc. said Thursday its third-quarter net income rose 55 percent as the athletic gear maker's resurgence in North America and easing material costs helped offset continued weakness in China.
The world's largest athletic shoe and clothing company's results beat expectations and its shares jumped 8 percent in aftermarket trading.
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