By Marcus Leach

Nike, the world's largest athletic shoe company, have reported an increase in quarterly profits after increasing sales in all key markets.

The sportswear giants saw profits for three months to the end of May increase by 13.8% to $594 million, as shares in Nike rose close to 4% in after-hours trading.

Analysts had forecast more subdued results after a disappointing previous quarter when results fell below expectations.

However, margins did fall from 47.4% to 44.3%, although Nike attribute that to higher raw material costs.

The two best performing markets were America and China.

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