By  on March 22, 2012

Growth in all geographic markets but Japan and tight cost controls helped Nike Inc. expand its third-quarter profits more than expected despite continuing pressure on margins.

In the three months ended Feb. 29, the Beaverton, Ore.-based athletic footwear and apparel giant expanded net income 7.1 percent to $560 million, or $1.20 a diluted share, above the $1.17 analysts’ estimate as well as the year-ago mark of $523 million, or $1.08. Total revenues were up 15.1 percent, to $5.85 billion from $5.08 billion, as Nike brand footwear sales rose 16.7 percent, to $3.35 billion, and apparel volume was up 12.2 percent to $1.46 billion.

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