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Nike Inc (NYSE:NKE) shares rose 0.40% in after-hours trade following the report.
Nike reported EPS per diluted of $0.66 on revenue of $12.83 billion. Analysts polled by Investing.com anticipated EPS of $0.68 on revenue of $12.58B.
Sales in North America were up 5% for Q4 year-on-year, while in China, an important market for the sportswear giant, sales jumped 16%.
Gross margin, however, decreased 140 basis points to 43.6%, driven by higher costs, higher markdowns and continued “unfavorable changes in net foreign currency exchange rates.”
