Nike In Its Second Quarter

The second quarter of Nike Inc. ended November 30, 2008. Nike’s revenue grew 6 percent to $4.6 billion, compared to $4.3 billion for the same time last year. Currency exchange rates increased revenue growth by 1 percentage point for the quarter. Nike second quarter net income increased 9 percent to $391.0 million, compared to $359.4 million last year. The diluted earnings per share increased 13 percent to $0.80, versus $0.71 last year.