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Benzinga
Benzinga
Business
Dylan Berman

Nike Stock Is Climbing Higher Friday: What's Going On?

NIke NKE
Bangkok,,Thailand,-,July,2,,2017:nike,Classic,Cortez,White - midnight,Navy - gym-red

Nike, Inc. (NYSE:NKE) stock is moving higher Friday after the company reported better-than-expected fourth-quarter earnings per share and sales on Thursday after the market closed.

What To Know: The company reported earnings per share of 14 cents, beating the consensus estimate of 11 cents. In addition, Nike reported sales of $11.10 billion, beating the consensus estimate of $10.72 billion.

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