Summary Box: Nike 2nd-qtr profit rises 3 percent (AP)

THE QUARTER: Nike Inc. reported a 3 percent uptick in second-quarter profit as strong demand and higher prices for its shoes, clothes and gear offset increased costs.

THE RESULTS: Nike's net income totaled $469 million, or $1 per share. Revenue increased 18 percent to $5.73 billion.

THE ESTIMATE: The quarter beat analysts' expectations of 97 cents per share on revenue of $5.63 billion, according to FactSet.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20111221/ap_on_bi_ge/us_earns_nike_summary_box

lindsey vonn josef stalin new york giants kourtney and kim take new york anne hathaway news channel 5 nathan hale