NEW YORK (TheStreet) -- Shares of Nike (NKE) - Get Report were retreating in after-hours trading on Tuesday after the company reported better-than-expected earnings and revenue for the 2017 fiscal first quarter, but posted downbeat futures orders.
After today's closing bell, the Beaverton, OR-based athletic apparel company reported earnings of 73 cents per diluted share, surpassing analysts' estimates of 56 cents per share.
Revenue for the period was $9.06 billion, above Wall Street's forecasts of $8.87 billion.
But the company's futures orders on a currency-neutral basis were up 7%, while analysts were looking for growth of 8.3%.
More than 14.21 million of the company's shares changed hands today vs. its average volume of 8.52 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: NKE