Nike Inc. (NKE) reported third quarter EPS of $0.89 after the bell Thursday, up from $0.75 in the prior year period. Revenues rose 7% to $7.46 billion from $6.97 billion last year. Analysts expected EPS of $0.84 on revenue of $7.62 billion.
Nike gapped open sharply higher Friday morning, but traded in a range throughout the session. The stock ended the day with a gain of 3.66 at $101.98, with volume at nearly a 6-month high. Nike surged past resistance and set a new high for the year.
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