Nike (NKE) jumps with Q4 profits

Nike

shares hiked 4% to $109.44, after the athletic-retailing giant reported Thursday that its fiscal-fourth-quarter profit rose to $865 million, or 98 cents a share, from $698 million, or 78 cents a share, a year ago. Analysts had forecast it to earn 83 cents a share. Revenue increased 5% to $7.78 billion. Share volume was 716,000, compared to an all-day average of 847,000