Read, Watch or Listen

Nike exceeded expectations in its fiscal fourth quarter, reporting revenue of $11.1 billion despite a 12% year-over-year decline. Net income fell to $211 million, but still surpassed analyst forecasts. CEO Elliott Hill expressed optimism about future improvements resulting from the company's ongoing turnaround plan. Nike shares surged over 10% in after-hours trading following the earnings announcement.

Prepared by Christopher Adams and reviewed by editorial team.