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Nike Surges after a Stellar Fourth Quarter

Sonya Bells
Nike Surges after a Stellar Fourth Quarter

Nike (NKE) is having a great day on the stock market today as its stock is rewarded for a strong quarterly performance. The sportswear giant reported its fourth-quarter results after the market closed yesterday, cruising ahead of expectations for both the top and bottom lines. For the fourth quarter, which ended on May 31, Nike’s total sales jumped 12.8% YoY to $9.79 billion, driven by double-digit growth in international business and a return to growth in the domestic market.