<div id="readability-page-1">Nike, Inc. (NYSE: NKE) Thursday reported an increase in earnings for the fourth quarter of 2024, despite a decline in revenues. Earnings also beat estimates.<img width="1280" height="960" src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2019/04/Earnings-Coverage-1.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.news.alphastreet.com/wp-content/uploads/2019/04/Earnings-Coverage-1.jpg"/> Fourth-quarter net income came in at $1.50 billion or $0.99 per share, compared to $1.03 billion or $0.66 per share in the corresponding period of fiscal 2023. The bottom line exceeded Wall Street’s forecast. Meanwhile, revenues decreased to $12.61 billion in the May quarter from $12.82 billion in the prior-year period. At $5.1 billion, NIKE Direct revenues were lower year-over-year. (this story will be updated shortly with infographic)The post NKE Earnings: Nike Q4 2024 profit tops expectations; revenue down 2% first appeared on AlphaStreet.</div>

Nike, Inc. reported higher earnings for Q4 2024, surpassing estimates, despite a 2% decline in revenue. Net income was $1.50 billion, compared to $1.03 billion in the same period last year. Revenues decreased to $12.61 billion. NIKE Direct revenues were lower year-over-year.