Athletic footwear and accessory giant Nike Inc. (NKE) sold off in after-hours trading as investors reacted to weaker-than-expected future orders, despite posting better-than-expected earnings and revenues during the quarter.

Quarterly earnings were up 22% from the same period last year to $0.94 per share, versus analyst estimates for $0.88. Revenues were up 10% during the quarter to $4.84 billion, compared to Wall Street estimates for $4.80 billion.

Athletic footware and accessories giant Nike Inc. (NKE) will get its chance to impress Wall Street when it reports its fiscal second quarter earnings following Tuesday's market close.

Investors are expecting to see a strong report, and this bullish view helped push the stock to a new 52 week high in Monday's trading session of $90.87.

Shares of athletic footwear and accessories giant Nike Inc. (NKE) are trading up nicely in after hours trading after the company posted better than expected results for its fiscal first quarter this afternoon following the market close.

Going into today's earnings report, analysts had been expecting to see the company post $1.01 per share, but Nike outpaced estimates with a reported $1.14 per share.

After Wednesday's market close, Nike, Inc. (NKE), the world's largest athletic shoe and accessory maker, is going to get its chance to impress Wall Street when it reports its fiscal fourth quarter results.

Analysts are expecting to see the company announce earnings of $1.05 per share, verses $0.99 during the same period last year.

Shares of athletic giant Nike, Inc. (NKE) are up over 3% in after hours trading after the company posted better than expected earnings for its fiscal third quarter this afternoon.

As we noted in our earnings preview last night, analysts had forecast earnings of $0.89 per share for the quarter. Fueled by a 7% increase in sales during the quarter, Nike was able to outpace estimates and earn $1.01 per share. This marks the 11th straight quarter that Nike has been able to post better than expected quarterly earnings.

Athletic foot ware and accessories giant Nike Inc. (NKE) will be reporting its fiscal third quarter results tomorrow after the market closes.

Going into tomorrow's earnings report, analysts are expecting the company to report $0.88 per share, down 11.1% from the same period last year.

The economic downturn hit the company's sales, but last quarter it stated that it was starting to see a turnaround in sales and consumer sentiment. Wall Street will be looking for further signs that sales are starting to improve for company.

Shares of athletic giant Nike, Inc. (NKE) are trading sharply higher after hours, following reporting better than expected earnings for its fiscal second quarter.

As we noted in our earnings preview, analysts had been expecting the company to show earnings of 71 cents per share, but the company outpaced these estimates with a reported 76 cents during the quarter, on revenues of $4.4 billion.

This afternoon, Nike Inc. (NYSE: NKE) reported its fiscal first quarter numbers, and the company was able to put up better than expected earnings numbers, but revenues came in slightly under expectations.

As we noted in our earnings preview yesterday, analysts had been expecting to see the company show earnings of 97 cents per share, and the actual earnings figure was a bit higher at $1.04 per share. For the same period last year the company showed earnings of $1.03 per share.

Nike Inc. (NYSE: NKE) will get its chance to impress Wall Street when it reports its most recent quarterly results Tuesday following the market close. The company will be reporting its fiscal first quarter numbers, and analysts are expecting slightly lower numbers that its first quarter last year.

The giant in sports apparel and footwear last reported earnings back on June 24 when it was able to outpace analyst estimates, and this time around analysts are looking for the company to show earnings of 97 cents per share. In its first quarter last year, the company reported earnings of $1.03 per share.

Shares of sports shoes and apparel giant Nike (NYSE: NKE) are trading up over 5% after hours today, following strong earnings for its fiscal first quarter.

As I noted in my earnings preview earlier this week, Wall Street was looking for 92 cents earnings per share for Nike's first fiscal quarter. The company surprised to the upside with a reported EPS of $1.03 a share. While this is down year-over-year from the $1.12 EPS it reported last year in the first quarter, it was still a good quarter considering the current economic environment.

Revenues grew nicely for Nike in the quarter, up a very respectable 17% to $5.4 billion. This also came in above analyst estimates of $5.19 billion.

One aspect of the company's overall business I discussed in the preview was that last quarter the company was able to overcome weak U.S. sales numbers by posting strong growth in international markets. This quarter, too, a weak U.S. dollar has helped boost sales in India and Asia, in particular China, where the recent summer Olympic games were held.

With this year's summer Olympics just around the corner, athletic outfitter Nike Inc. (NYSE: NKE) unveiled its new Olympic products yesterday.

While Nike has never really embraced the concept of being a sponsor for the Olympics, it prides itself on being an outfitter for the competing athletes. This year there will be thousands of Olympic hopefuls from over a hundred companies that will be sporting the famous "Nike Swoosh" on themselves for millions of watchers to see.

Nike will definitely leave its own footprint all over this summer's Olympic games. For the first time ever, BMX will be an Olympic medal sport, and the new Nike gear for the sport is being heralded by Nike's global director for action sports, John Martin, as the "illest BMX product ever." I honestly thought the word "illest" vanished from the vocabulary around the same time as Run-DMC; guess I was wrong. But I will definitely look forward to seeing the "illest" BMX gear ever, Nike definitely got my attention on that one!

Could there be any worse fate for an Olympic level athlete than to be stripped of their statistics and medals? Yes, there could be worse things. Just ask former Olympic track star Marion Jones which is worse, losing your medals or being forced to tell your mother you have to sell her house.

Are these professional quality athletes really so stupid as to believe that if they get pinched for using banned performance enhancing drugs they'll get away with just a slap on the wrist? I don't think it's that simple. I'm sure that Marion Jones knew what she was doing was seriously wrong and I feel certain that she knew if she got busted, the truth would come with a very high price. Now, amid all the investigations and scandal, she's finding out just how high priced skirting the truth can really be.

For her misdeeds, Marion Jones has been required to forfeit all five of her medals from the 2000 summer Olympics and has been told to repay approximately $700,000 of her prize money. All of her standings and statistics beginning at September 1, 2000, shall be red-lined in the record books and her medals from other competitions have been taken away also.