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Nike Profit Tops Estimates as North America Sales Gain

Nike Inc., the world’s largest sporting-goods company, reported second-quarter profit that topped analysts’ estimates as sales gained in North America and the company controlled its marketing costs.

Excluding $137 million in losses associated with the Umbro and Cole Haan businesses Nike is selling or has sold, profit was $1.14 a share, the Beaverton, Oregon-based company said in a statement yesterday. Analysts projected $1 a share, the average of 18 estimates compiled by Bloomberg.