EARNINGS

Nike Inc. Posts Record Earnings: The Beaverton, Ore.-based athletic footwear company attributed the record fourth-quarter and fiscal year results to its expansion. For the quarter ended May 31, Nike earned $70.7 million, or 92 cents a share, up 21% from $58.6 million, or 76 cents per share, a year earlier. Fourth-quarter revenue was $847.6 million, up from $719 million a year earlier. Profit for the year ended May 31 was $329.2 million, or $4.30 per share, compared to $287 million, or $3.77 per share, in the previous year. Revenue was $3.4 billion, up 13% from a year earlier. International operations represented 33% of Nike’s business in 1992, up from 29% in 1991.