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To: 2MAR$ who wrote (58878)	6/27/2002 4:37:01 PM
From: 2MAR$	Respond to of 208838

Nike fourth-quarter earnings rise sharply BEAVERTON, Ore., June 27 (Reuters) - Nike Inc. <NKE.N>, the world's largest athletic footwear and apparel maker, on Thursday said fourth quarter earnings rose sharply, beating forecasts on continued improvements in U.S. footwear sales. The company said net income in the quarter ended May 31 rose to $208.4 million, or 77 cents per share, from $162.7 million, or 60 cents per share, last year. The Beaverton, Oregon-based company's earnings beat Wall Street expectations. According to Thomson First Call, the average analyst expectation was 75 cents per share with a range of 72 cents to 76 cents per share. Revenues rose 8 percent to $2.68 billion from $2.48 billion last year. Nike, which makes Air Jordan and Cole Haan shoes, said it expects to continue to generate solid earnings per share growth in fiscal 2003. ((Michael Erman New York Newsdesk 646-223-6021)) REUTERS *** end of story *