Nike Inc. posted another strong quarter, as earnings jumped 12 percent on global growth.
For the fourth quarter ended May 31, net income climbed to $490.5 million, or 98 cents a diluted share, from $437.9 million, or 86 cents last year.
Revenues for the three-month period increased 16 percent to $5.1 billion compared with $4.4 billion.
For the fiscal year 2008, earnings rose 26 percent to $1.9 billion, or $3.74 a diluted share, from $1.5 billion, or $2.93, in fiscal 2007. Sales for the year grew 14 percent to $18.6 billion from $16.3 billion.
The Beaverton, Oregon-based active giant posted its results after the market closed.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)