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SmarterAnalyst
NIKE Delivers Upbeat Results in Q4; Shares Gain 14% After-Hours
Shares of NIKE, Inc. (NKE) jumped almost 14% in Thursday’s extended trading session after the company delivered a blowout fiscal fourth quarter, driven by strong sales. NIKE is a manufacturer of footwear, apparel, equipment, accessories, and services. The company reported revenues of $12.3 billion, which surpassed Street estimates of $11.1 billion and jumped 96% from the year-ago period, reflecting a recovery of its business operations. Revenues from the NIKE Brand increased 88% year-over-year t
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