NEW YORK (
received a boost from the World Cup, as its fourth-quarter profit grew 53%.
Still, Nike shares were dropping 2% to $71 in after-hours trading, as sales slightly missed expectations.
The athletic footwear and apparel retailer earned $522 million, or $1.06 a share, compared with $341.4 million, or 70 cents, in the year-ago period. Analysts were calling for a profit of $1.05 a share.
Sales at Nike jumped 8% to $5.08 billion, but that was just short of Wall Street's forecast of $5.15 billion.
-Reported by Jeanine Poggi in New York.
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