rockybalboaTomahawk, WI 3/22/2013 (BasicsMedia) – Nike (NYSE: NKE), the shoe and apparel maker, said Thursday that third-quarter earnings jumped, topping the expectations of Wall Street analysts.

Earnings for the quarter were $662 million, or 73 cents a share, up from year-earlier profit of $569 million, or 61 cents a share. Analysts were looking for earnings of 67 cents a share. Revenue rose 9% to $6.19 billion; analysts forecast sales of $6.2 billion.

Nike said revenue in North America, which accounts for 40% of its sales, rose 18% to $2.55 billion.

Nike said orders for shoes and clothing for delivery between March and July — futures orders — rose 6%.

Micron Technology (NASDAQ: MU) posted a loss in its fiscal second quarter of $286 million, or 28 cents a share, as revenue rose 3% to $2.08 billion.

Analysts were looking for a quarterly loss of 20 cents a share on revenue of $1.92 billion.

The chipmaker said DRAM products sales rose 24% sequentially.

BP (NYSE: BP), the U.K. energy giant, said Friday it would repurchase $8 billion of its shares, distributing to shareholders some of the proceeds from the sale of its stake in its Russian unit, TNK-BP, to OAO Rosneft.

Tiffany (NYSE: TIF), the upscale jewelry retailer, is expected by analysts Friday to report fourth-quarter earnings of $1.36 a share on revenue of $1.25 billion.

Tech Data (NASDAQ: TECD) said Thursday it would restate its results for the last three fiscal years because of a problem with how its U.K. operation reflected vendor accounting.

Tech Data, the technology product distributor, said the restatement could reduce net income by $25 million to $33 million over the three years.

Darden Restaurants (NYSE: DRI), the owner of Olive Garden and Red Lobster restaurants, is forecast to report fiscal third-quarter earnings of $1.01 a share.

The bank situation in Cyprus appeared no clearer Friday morning, with leaders still pushing to tax bank deposit holders with more than 100,000 euros to appease the troika of European overseers.

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