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Stock Alert: NIKE Shares Hit 52-Week High

Shares of the sports apparel retailer NIKE Inc. (NKE) reached an all-time high of $130.315 Wednesday morning, and are currently trading at $127.24, up $10.36 or 8.87% in the regular trading session. Trading volume is rising over 9.47 million versus an average volume of 6.39 million shares.

The company reported Q1 net income of $1.52 billion or $0.95 per share compared to $1.37 billion or $0.86 per share last year. Revenues slipped 0.7% to $10.59 billion from $10.66 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.47 per share on revenue of $9.14 billion for the quarter. Analysts' estimate typically exclude certain special items.

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