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Nike Earnings Jump 32 Percent in Fourth Quarter

Nike Inc. saw earnings soar 31.6 percent in its fourth quarter, as the company saw growth across the board.

Nike Inc. saw earnings soar 31.6 percent in its fourth quarter, as the company saw growth across the board.

For the quarter ended May 31, the Beaverton, Ore.-based active giant’s income climbed to $437.9 million, or 86 cents per diluted share, from $332.8 million, or 64 cents, in the same quarter last year.

Sales for the quarter grew a more modest 9.4 percent to $4.38 billion from $4.01 billion. All regions and categories experienced sales growth in the quarter, besides the Americas, where revenues were flat.

For fiscal year 2007, earnings climbed 7.1 percent to $1.49 billion, or $2.93 per diluted share, from $1.39 billion, or $2.64, in fiscal 2006.Revenues for the year jumped 9.2 percent to $16.33 billion from $14.95 billion last year.