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 PORTLAND, Ore. (AP) - Nike Inc.'s products are focused on helping athletes set records, but the company set a few of its with fiscal fourth-quarter and year-end results that were well-received by analysts and investors.
With growth in the U.S. and abroad, plus surprisingly strong future orders, Nike allayed fears and buoyed hopes for some about the future of the world's largest athletic shoe and clothing maker.
Nike reported Tuesday that fourth-quarter net income jumped 32 percent to $437.9 million, or 86 cents per share, meeting the average expectation of analysts surveyed by Thomson Financial. Revenue for the quarter increased 9 percent to $4.4 billion.
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