BEAVERTON, Ore. — Nike’s fourth-quarter profit and revenue grew, sending its shares higher in aftermarket trading.
The athletic apparel maker’s results surpassed Wall Street estimates, and it said orders for delivery later this year are up compared with a year ago. Its shares picked up $2.70, or 2.6 percent, to $107.92 in aftermarket trading.
Despite a stronger dollar that hurt its sales, Nike said its net income rose 24 percent to $865 million, or 98 cents per share. Revenue rose 5 percent to $7.78 billion.
Analysts expected net income of 84 cents per share and $7.68 billion in revenue, according to Zacks Investment Research.