By  on March 18, 2011

An 11 percent pickup in future orders couldn’t keep shares of Nike Inc. from stumbling in after-hours trading Thursday after the sporting goods giant reported third-quarter sales and profits that fell short of analysts’ consensus estimates.

In the three months ended Feb. 28, the Beaverton, Ore.-based firm reported net income of $523 million, or $1.08 a diluted share, up 5.2 percent from the $497 million, or $1.01, reported in the third quarter for fiscal 2010. Revenues rose 7.3 percent to $5.08 billion from $4.73 billion in last year’s quarter.

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