Nike (NKE) reported fiscal Q3 earnings late Thursday of $0.77 per diluted share, down from $0.79 a year earlier.
Analysts polled by Capital IQ forecast $0.71.
Revenue for the quarter ended Feb. 29 was $12.43 billion, up from $12.39 billion a year earlier.
Analysts surveyed by Capital IQ projected $12.30 billion.
Shares of Nike slumped 6.6% in premarket activity Friday.