(Reuters) - LOS ANGELES, June 26 - Nike Inc. posted higher fourth-quarter net profit on Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
The world's top maker of athletic shoes and apparel said quarterly net profit rose 32 percent to $437.9 million, or 86 cents per share, compared with $332.8 million, or 64 cents per share, a year earlier. Revenue rose 9 percent to $4.38 billion.
Read more at Reuters.com Market News
The world's top maker of athletic shoes and apparel said quarterly net profit rose 32 percent to $437.9 million, or 86 cents per share, compared with $332.8 million, or 64 cents per share, a year earlier. Revenue rose 9 percent to $4.38 billion.
Read more at Reuters.com Market News
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