PORTLAND, Ore. ( TheStreet) -- Nike ( NKE) shares rose in after-hours trading after the athletic apparel and shoe company reported third-quarter earnings more than double a year earlier.

Nike said earnings were $496 million, or $1.01 a share, up from $244 million, or 50 cents a share, in the same period a year earlier, which included a charge of $241 million related to goodwill of Nike's Umbro unit.

Nike said excluding the charges earnings rose 2%.

Nike shares rose $2.60, or 3.7%, to $73.48 after hours Wednesday.

Third-quarter revenue rose 7% to $4.7 billion. Excluding currency changes, net revenue rose 2%.

"We had a great quarter," said Mark Parker, Nike president and CEO, in a statement.

Analysts surveyed by Thomson Reuters had expected earnings of 89 cents a share on revenue of $4.6 billion.

Nike said worldwide futures orders for the Nike brand scheduled for delivery from March through July are running 9% higher than orders reported for the same period a year earlier.

Nike said third-quarter revenue in North America rode 1% to $1.7 billion. In China, revenue rose 10% to $458 million.

-- Reported by Joseph Woelfel in New York.

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