Beaverton, Ore.-based Nike shares rallied following the release of its better-than-expected, fourth-quarter earnings after the closing bell Thursday.
In its latest quarter, the athletic shoe and apparel manufacturer earned 98 cents a share on revenue of $7.78 billion.
Analysts on average were expecting the company to earn 83 cents a 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 a 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. "Fiscal 2015 was an outstanding year for Nike. Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale," said Nike CEO Mark Parker in a statement.
Shares finished the regular session in the green on roughly triple its average trading volume.
Nike was the best performing S&P 500 component on the day.
Nike designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and services.
Nike sells its products to retail and department stores, Nike-owned retail stores and internet websites.
It focuses on product offerings in eight categories including running, basketball, soccer, men's training, women's training, action sports, sportswear, and golf.