June 29 (Reuters) - Nike Inc, the world’s No. 1 footwear maker, reported quarterly revenue that beat analysts’ estimates, helped by higher demand in Western Europe, China and emerging markets.
Shares of the Dow component were up 3.2 percent at $54.87 in after-market trading on Thursday.
Nike’s net income rose to $1 billion, or 60 cents per share, in the fourth quarter ended May 31, from $846 million, or 49 cents per share, a year earlier.
Revenue rose 5.3 percent to $8.68 billion.
Analysts on average had expected revenue of $8.63 billion, according to Thomson Reuters I/B/E/S. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Martina D‘Couto)