Nike shares slid after disappointing earnings Tuesday, but some "Fast Money" said investors should not fret, yet.
"These earnings weren't bad. They just missed really good estimates," said trader Brian Kelly, noting the stock enjoyed a "nice run" before the dip.
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.