Nike (NKE) late Tuesday said it earned $457 million, or 94 cents per share, in its fiscal second quarter, up from $375.4 million, or 77 cents per share, in the same quarter a year ago. Analysts had been looking for 88 cents per share.
Sales rose to $4.84 billion from $4.41 billion a year earlier, topping expectations of $4.81 billion.
Future orders slated for delivery from between December 2010 and April 2011 rose 11% from a year ago to $7.7 billion, which was below analysts' expectations.
“As supply and demand find a new normal in the recovering economy, our industry is going to experience margin pressure due to rising input costs,” said CEO Mark Parker.
Shares of Nike fell $5.34, or 5.8%, to $86.96 after the close.
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