Author: Elena Todorova
123jump.com
Last Update: 5:56 AM EST November 13 2007
Sneaker giant Nike said fourth-quarter net income rose 32% as the athletic-wear company continued to post strong sales gains both domestically and abroad. Revenue in the quarter grew 9% to $4.38 billion from $4 billion a year earlier, slightly above analyst estimates of sales of $4.36 billion. Worldwide futures revenue, an indicator of deliveries over the next six months, climbed 12% to $7.7 billion.
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