Nike'S Net Profit In The Second Quarter Was US $469 Million, Up 2.6% Over The Same Period Last Year.

In the quarter ending November 30th, Nike's net profit was $469 million and earnings per share were $1, which is better than the same period last year and exceeded analysts' expectations.

In the second quarter of fiscal year 2011, Nike's net profit was $457 million and earnings per share were 94 cents.

Analysts expect Nike's earnings per share to be 97 cents in the second quarter, according to Thomson Reuters survey.

Over the past year, Nike has consistently improved its performance.

But in the second quarter, though Nike was in North America.

Nike's second quarter revenue was US $5 billion 730 million, an increase of 18% over the same period last year. The effect of not included in the exchange rate change increased by 16% over the same period last year, exceeding analysts' expectations.

Analysts expect Nike to earn $5 billion 630 million in the second quarter, according to Thomson Reuters survey.

Excluding the impact of exchange rate changes, Nike's sales in the North American market in the second quarter increased by 21% over the same period last year, while sales in emerging markets increased by 26% over the same period last year, which rose 28% in the Chinese market.

At the same time, Nike's sales in the Japanese market continued to decline, with a 7% decline in the second quarter.

Nike's gross profit margin in the second quarter was 42.7%, down from 45.3% in the same period last year, and the cost of sales increased by 24% over the same period last year.

Nike's gross profit margin has declined recently because of rising costs of raw materials, labor and freight.

Cost pressures prompted Nike to take measures to raise prices in the last fiscal year and consider further price increases later in the current fiscal year.

Nike's total orders in the world increased by 13% to 8 billion 900 million US dollars over the same period last year.

Nike's stock in the second quarter increased by 35% over the same period last year, mainly due to the substantial increase in the average unit product cost and the increase in the total unit.

On that day, Nike's share price rose 1.1% to $94.67.

Earlier this month, Nike's stock hit its highest level ever, and has risen 9.6% so far this year.