Adidas Net Up 25%; 2011 Profit Seen Rising 10%-15%

HONG KONG -- Adidas Thursday reported a 25% jump in third quarter net income, driven by strong sales for its adidas and Reebok branded products and accelerated growth in emerging markets, including in Greater China. Net income rose to 266 million euros ($376 million), or 1.27 euros per share, from 213 million euros, or 1.03 euro per share. Group revenues increased 10% on a currency-neutral basis. The company said it expects to earn between 2.68 to 2.70 euros per share in 2010 on a sales expansion of 8%. The company said it expects further gradual improvements in 2011 as