Why Nike Stock Was Climbing Today

Shares of Nike (NYSE: NKE) were moving higher after the sportswear giant turned in another strong earnings report Friday evening. Nike again topped estimates on the top and bottom lines, showed off strong growth in the digital channel, and raised its guidance for the fiscal year.

As of 12:44 p.m. EST, the stock was up 4.9%.

Image source: Nike.

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Source Fool.com