Earnings Results: Nike stock rallies as sales surpass Street estimates by more than $1 billion

Nike Inc. shares rose in the extended session Thursday after the company topped Wall Street revenue estimates by more than $1 billion, a far cry from the year-ago quarter when sales were pummeled by the COVID-19 pandemic.

Nike Inc. shares rose in the extended session Thursday after the company topped Wall Street revenue estimates by more than $1 billion, a far cry from the year-ago quarter when sales were pummeled by the COVID-19 pandemic.