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Nike Shares Bounce on Earnings Beat, Revenue Growth

Michelle Lodge

shares bounced in after-market trading Thursday, June 28, when it reported fourth-quarter financial results that topped analysts' estimate on both the top and bottom line. Nike stock added 0.4% to $71.70 during the trading day. The Beaverton, Ore.-based sneaker and apparel company reported earnings per share of 69 cents for its fiscal fourth quarter, which ended May 31, beating the consensus estimate by 5 cents.