Investing.com - Nike (NYSE:NKE) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts, but share slumped after hours as gross margin came in a little light.
The company reported earnings per share of $0.70 on revenue of $10.33 billion. Analysts polled by Investing.com expected EPS of $0.58 on revenue of $10.08 billion. That compared to EPS of $0.52 on revenue of $9.37 billion in the same period a year earlier. The company had reported EPS of $0.86 on revenue of $10.66 billion in the previous quarter.
Gross margin came in at 44%. That was below estimates of 44.1%, according to Briefing.com.
Nike (NYSE:NKE) shares lost 1.7% in after-hours trade following the report.
