NIKE Shares Jump 14% On Quarterly Results

Shares of NIKE Inc. (NKE) are gaining nearly 14% on Friday morning driven largely by the sports apparel and footwear retailer's fourth-quarter results.

NKE is currently trading at $151.72, up $18.12 or 13.56%, on the NYSE. The stock has traded between $93.57 and $153.94 in the 52-week period. Nike has gained over 50% during that period.

Nike reported fourth-quarter profit of $1.51 billion or $0.93 per share, compared to net loss of $0.79 billion or $0.51 per share last year. Analysts' polled by Thomson Reuters expected earnings of $0.51 per share. Revenues for the quarter surged 96% to $12.34 billion from $6.31 billion last year.

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