Nike Inc. powered to an all-time high after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal first quarter, Nike said on Tuesday, compared with the $9.11 billion estimate of analysts. The company posted 95 cents a share in earnings, topping the 46-cent projection. The shares jumped as much as 12% to $130.38 in New York trading Wednesday. They had been up 15% this year. Nike is another example of growing revenues from online sales. During the pandemic, Nike’s online sales jumped 82%.

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