Shares of Nike (NKE) finished Friday’s regular trading session up to lead the S&P 500 component on the day, making it TheStreet’s Move of the Day. Nike shares rallied following the release of its better than expected fiscal fourth quarter earnings results after the closing bell Thursday. In its latest quarter, the athletic shoe and apparel manufacturer earned 98 cents per share on revenue of $7.78 billion. Analysts on average were expecting the company to earn 83 cents per share on revenue of $7.69 billion for the fourth quarter, according to Thomson Reuters data. In the same quarter a year ago, the company earned 78 cents per share on sales of $7.42 billion. In addition, Nike reported that as of the end of the quarter, worldwide futures orders scheduled for delivery through November 2015 were up 2% compared to a year ago at $13.5 billion. The sportswear company added that on a currency neutral basis, Nike said the figure was 13% higher. For the full fiscal year, the company reported a 10% increase in revenues to $30.6 billion. TheStreet’s Kurumi Fukushima reports in New York.
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