Nike reported earnings Tuesday that beat expectations, but revenue and futures orders fell just short of estimates.
The sports apparel giant posted diluted fiscal fourth-quarter earnings of 49 cents per share on $8.24 billion in revenue. Earnings per share were flat from the prior-year quarter, while revenue climbed 6 percent from $7.78 billion.
Analysts expected Nike to report earnings of 48 cents per share on sales of $8.28 billion, according to a consensus estimate from Thompson Reuters.
"Our consistent growth is fueled by innovation, which is why fiscal 2016 was such a break through year for NIKE in everything we do," said Mark Parker, Nike's president and CEO.
But the company's shares fell more than 6 percent in after-hours trading.Patrick T. Fallon | Bloomberg | Getty Images
Nike's North America revenue of $3.74 billion was about flat from the prior-year quarter. It missed estimates of $4.01 billion, according to StreetAccount.
Futures orders excluding currency changes rose 11 percent, slightly short of the 12 percent Wall Street had estimated, according to StreetAccount.
Sales grew 19 percent and 18 percent in Nike's Western Europe and Greater China businesses, respectively, from a year earlier. Western Europe and China are Nike's second- and third-largest regions by sales, respectively.
Futures orders grew 24 percent and 11 percent from the previous year's quarter in China and Western Europe, respectively.
Nike shares have fallen 15 percent this year.