Nike hits an all-time high after earnings crush expectations

Nike just released fourth-quarter earnings, and it crushed expectations on earnings and revenues.

Diluted earnings per share came in at $0.98, up 26%, and more than analysts' expectations for $0.86 according to Bloomberg.

Sales came in at $7.8 billion, up 5%, versus estimates for $7.7 billion.

Shares of the athletic apparel giant jumped more than 2% in after-hours trading to a new all-time high. They are up 9% year-to-date, and 40% over the past 12 months.

In the release, CEO Mark Parker wrote: "Fiscal 2015 was an outstanding year for NIKE. Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale. At no time in our history has the growth potential been greater for NIKE."

Total sales in North America jumped 13% including the currency impact, and fell 3% in Western Europe. The Greater China region saw the most growth at 18%, while sales in emerging markets fell 14% - the worst for any region.

The company recently signed an exclusive deal to provide on-court gear for the NBA.

Futures orders rose 13%, beating expectations for 11% growth.