BEAVERTON, Ore. — Nike Inc. on Thursday reported fiscal fourth-quarter net income of $989 million.
The Beaverton-based company said it had net income of 62 cents per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. The athletic apparel maker posted revenue of $10.18 billion, beating Street forecasts. Nine analysts surveyed by Zacks expected $10.15 billion.
For the year, the company reported profit of $4.03 billion, or $2.49 per share. Revenue was reported as $39.12 billion.
Nike shares have climbed 13 percent since the start of the year, while the Standard & Poor’s 500 index has climbed 17 percent. In the final minutes of trading Thursday, shares hit $83.56, an increase of 17 percent in the last 12 months.
