Asia, Latin America Drive UPS, Nike Profit as U.S. Growth Slows

Earnings reports for U.S. companies such as Nike Inc. and United Parcel Service Inc. underscore how executives are searching abroad for profits as growth in the world’s biggest economy slows.

For Beaverton, Oregon-based Nike, revenue from Asia, Africa and South America for its brand-name products rose by 47 percent in the quarter that ended May 31, compared with 4 percent for North America. At Atlanta-based UPS, shipments in Asia and Europe are helping push up profit expectations for the year.