By  on June 25, 2008

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.

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