Nike earnings beat by a penny, profit up 40 percent

CNBC with AP
Nike store in the East Nanjing Road shopping area of Shanghai.
Tomohiro Ohsumi | Bloomberg | Getty Images

Nike says its net income jumped 40 percent, helped by higher average selling prices and an increase in revenue around the world.

Nike's shares moved higher in after-hours trading. (Click here for the latest quote.)

Profit topped analysts' expectations, though revenue came in slightly short.

The world's largest athletic goods maker says net income for the three months that ended on Nov. 30 rose to $537 million, or 59 cents per share. That compares with net income of $384 million, or 57 cents per share, last year.

(Read more: Nike's latest wearable technology: FuelBand SE)

Revenue increased 7.8 percent to $6.43 billion from $5.96 billion a year ago.

Analysts had expected the athletic footwear and apparel maker to report earnings excluding items of 58 cents a share on $6.44 billion in revenue, according to a consensus estimate from Thomson Reuters.

—By CNBC with AP