NIKE Jumps on Stellar Earnings, Futures Orders Bump

Shares of NIKE, Inc. NKE are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 3.95%, at $84.84; they closed the regular session higher by 0.54%, at $81.62. NIKE, Inc. reported Q4 EPS of $1.24 on revenues of $5.77 billion; the Street was looking for $1.16 per share on revenues of $5.53 billion. Revenues increased by 13.6% year over year. NIKE, Inc. also reported a 15% rise (year over year) in futures orders, which totaled $10.3 billion. Ex-currency, orders increased 12% year over year. "In fiscal year 2011, we delivered exceptional results in extraordinary times," said Mark Parker, NIKE, Inc. President and CEO. "Our business is organized to drive growth across multiple brands, geographies and categories, as we manage through the ever-changing macroeconomic landscape." Parker added, "We continue to deliver compelling innovation to athletes and consumers, and strong returns for our shareholders. The global appetite for sports has never been stronger." NIKE, Inc. is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel around the world. It sells its products to retail accounts, through NIKE-owned retailers, including stores and Internet sales, and through a mix of independent distributors and licensees, in over 170 countries around the world.