"Performance" Nike's quarterly results beat expectations, North American market sales offset decline in Greater China
Sportswear retailer Nike (NK.US) announced after the market closed on Thursday that its earnings per share for the second fiscal quarter were 53 cents, exceeding market expectations of 38 cents; revenue was $12.43 billion, also surpassing the expected $12.22 billion.
Sales in the North American market were strong, offsetting the decline in sales in the Greater China market. North American sales grew by 9% to $5.63 billion, while revenue in the Greater China region fell by 17% to $1.42 billion.
Nike's stock price fell 5% in after-hours trading as investors continued to worry about the impact of rising tariffs on the company
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