The Zhitong Finance App learned that on Tuesday, Nike (NKE.US) bucked the trend and rose nearly 4%, rising 18% after the results to 73.72 US dollars. According to the news, financial data for the fourth fiscal quarter disclosed by the company on June 27 showed that Nike achieved revenue of 11.1 billion US dollars during the quarter, down 12% year on year, but still 3.8% higher than the market forecast of 10.72 billion US dollars. Adjusted earnings of $0.14 per share fell by 86%, but beat expectations by 2 cents. Gross margin narrowed by 440 basis points, a performance slightly better than the 40.3% contraction expected by analysts.

The Zhitong Finance App learned that on Tuesday, Nike (NKE.US) bucked the trend and rose nearly 4%, rising 18% after the results to 73.72 US dollars. According to the news, financial data for the fourth fiscal quarter disclosed by the company on June 27 showed that Nike achieved revenue of 11.1 billion US dollars during the quarter, down 12% year on year, but still 3.8% higher than the market forecast of 10.72 billion US dollars. Adjusted earnings of $0.14 per share fell by 86%, but beat expectations by 2 cents. Gross margin narrowed by 440 basis points, a performance slightly better than the 40.3% contraction expected by analysts.