Updated from 5:04 p.m. EDT

Nike's

(NKE) - Get Report

fourth-quarter net income rose 32% as the athletic-wear giant continued to post strong sales gains both domestically and abroad.

For the quarter ended May 31, the Beaverton, Ore., company earned $437.9 million, or 86 cents a share, up from $332.8 million, or 64 cents a share, a year ago. The results were in line with analysts' average estimate for EPS of 86 cents, according to Thomson Financial.

Revenue in the fourth quarter grew to $4.38 billion from $4.0 billion a year earlier. Analysts predicted sales of $4.36 billion.

Worldwide futures revenue, an indicator of deliveries over the next six months, climbed 12% to $7.7 billion.

"Nike is a growth company, and fiscal 2007 was no exception," said Mark Parker, president and chief executive officer, in a statement. "We delivered another record year of revenue, earnings and cash flow. The Nike brand is extremely strong worldwide, and the Nike subsidiaries continue to increase their contribution to the performance of the company."

In the U.S., revenue climbed 10% in the quarter to $1.61 billion from $1.46 billion the year before. Nike Brand President Charlie Denson said on a conference call that the U.S. market remains healthy, despite some weakness in mall sales.

In Europe, revenue jumped 12% to $1.29 billion from $1.15 billion a year earlier. Changes in currency exchange rates increased revenue growth by 9 percentage points.

For the Asia-Pacific region, fourth-quarter revenue increased by 7% to $596.9 million, driven largely by strong sales in China. Changes in currency exchange added 2 percentage points to the growth.

Shares of Nike were recently up $2.93, or 5.4%, to $56.75 in after-hours trading.