Nike 4th-quarter profit and revenue top estimates and company says orders are up; shares rise



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BEAVERTON, Oregon — 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 to 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.

Nike Inc.'s fiscal fourth quarter ended on May 31. The company said its annual net income rose 22 percent to $3.27 billion, or $3.70 per share. Its revenue increased 10 percent to $30.6 billion.

Nike said it has received $13.5 billion in orders for delivery between June and November. That's an increase of 2 percent from the same period a year ago.

The Beaverton, Oregon, company's stock closed at $105.22 on Thursday before the earnings report. The shares have risen 9.4 percent in 2015.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NKE at http://www.zacks.com/ap/NKE

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Keywords: Nike, Earnings Report

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