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Nike Stock Sprints Ahead of the Competition Following Earnings Beat

Nike Inc. (NKE) shares were up 8.34% to $57.60 on heavy trading volume late Friday morning following the company's strong fourth-quarter earnings beat.

The company reported earnings of 60 cents per share on revenue of $8.7 billion vs. Wall Street's expectations of earnings of 50 cents per share on revenue of $8.6 billion.

Nike's Jordan Brand imprint saw a 13% increase in revenue, reporting sales of $3.1 billion for the full year compared to total...


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