Nike (NKE) Stock Closed Up to Lead S&P 500 Following Earnings Beat

NEW YORK (TheStreet) -- Shares of Nike (NKE) finished Friday's regular trading session up 4.27% to $109.71, following the release of its better than expected fiscal fourth quarter earnings results after the closing bell late Thursday.

For the quarter, the athletic shoe and apparel manufacturer earned 98 cents per share on revenue of $7.78 billion.

Analysts on average were expecting the company to post earnings of 83 cents per share on revenue of $7.69 billion, according to Thomson Reuters data.

In the same period of last year, the company earned 78 cents per share on sales of $7.42 billion.

The company also reported that as of the end of the quarter, worldwide futures orders scheduled for delivery through November 2015 were 2% higher compared to a year ago at $13.5 billion.

On a currency neutral basis, Nike said the figure was 13% higher.

For the full fiscal year, the company posted a 10% rise 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 CEO Mark Parker in a statement.

Beaverton, Ore.-based Nike is engaged in design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services.

Nike sells its products to retail accounts, through Nike owned retail stores and Internet websites.

Insight from TheStreet's Research Team:

Brian Sozzi commented on Nike in a recent post on RealMoney.com. Here is a snippet of what Sozzi had to say about the stock:

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