Nike earnings: 55 cents per share, vs expected 48 cents

Nike bottom line beat, miss on revenue
Nike bottom line beat, miss on revenue

Nike reported quarterly earnings Tuesday that topped analysts' expectations, but its sales disappointed Wall Street and weighed on its shares.

The sportswear giant posted diluted profit of 55 cents per share for its fiscal 2016 third-quarter on $8.03 billion in revenue. Earnings climbed 22 percent from 45 cents in the previous year, while sales rose 8 percent from $7.46 billion.

Analysts expected Nike to report earnings of 48 cents per share on $8.2 billion in revenue, according to a consensus estimate from Thomson Reuters.

After the results, Nike CEO Mark Parker highlighted sales momentum in the quarter ended Feb. 29. The company said revenue grew 14 percent year over year on a currency neutral basis.

As reported, sales grew from the previous year in all of its regions except emerging markets. North America and Greater China sales climbed 13 and 23 percent, respectively, from the previous year.

"In the third quarter, Nike delivered robust and balanced growth across our expansive, powerful portfolio," said Nike's CEO, Mark Parker.

Market watchers follow not only its reported sales but also its key futures orders. The metric climbed 12 percent in the quarter as reported. Excluding currency changes, futures orders rose 17 percent, versus average expectations of 16.4 percent growth, according to StreetAccount.

Futures orders climbed 10 percent and 23 percent in North America and Western Europe, respectively, excluding currency changes, missing expectations slightly. However, the metric in Greater China soared 36 percent, higher than the expected 22.3 percent.

Nike HyperAdapt 1.0
Nike launches HyperAdapt 1.0 'self-lacing' sneaker

Last week, Nike unveiled the self-lacing HyperAdapt 1.0, which the company touts as the first mass-produced sneaker of its kind. Nike will sell it exclusively on its new digital application Nike+, as the company continues its technology push.

The shoe will be available in the coming holiday season, but Nike did not disclose its price.

Nike's shares have climbed nearly 4 percent this year and more than 27 percent in the last 12 months.

Nike shares fell about 6 percent in after-hours trading. (Click here to track the stock.)

CNBC's Jessica Golden contributed to this report.