Nike shares surge premarket on North American sales, outlook
By MICHELLE CHAPMAN, Associated Press Troy Warren for CNT Nike’s shares are soaring before the opening bell Friday, as the footwear and clothing company posted record fiscal fourth-quarter sales in North America and gave a better-than-anticipated full-year revenue forecast. The Beaverton, Oregon-based company's revenue totaled $12.34 billion in the fourth quarter, easily beating the $11.06 billion that analysts polled by Zacks Investment Research predicted. In North America, Nike Inc.'s revenue soared 141% to $5.38 billion. Nike also experienced strong sales for its namesake brand, rising 88% to $11.8 billion. Revenue for the Converse brand climbed 85% to $596 million. Sales were…