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(NKE) - Get Free Report

said its quarterly earnings rose 18%, as strength in overseas markets offset a drop in U.S. sales.

The apparel and shoe maker said earnings for its second quarter rose to $152 million, or 57 cents a share, up from $129.3 million, or 48 cents a share, a year earlier. The earnings beat analysts' expectations by a penny.

The Beaverton, Ore.-based company said second-quarter revenue rose 8% to $2.5 billion.

The earnings follow news earlier in the week that

Foot Locker

(Z) - Get Free Report

, one of Nike's retail customers, was cutting back on purchases from Nike.

Nike shares closed at $41.53, down 0.95%, on Thursday.