NEW YORK ( TheStreet) -- Nike ( NKE) is in the red in after-hours trading, despite better-than-expected profit, as future orders rose less than expected.

During the quarter the athletic footwear and apparel retailer earned $457 million, or 94 cents a share, compared with $375 million, or 76 cents, in the year-ago period. Nike revenue rose to $4.84 billion from $4.41 billion.

Analysts were looking for a profit of 88 cents on revenue of $4.81 billion for Nike.

Nike's future orders slated for delivery from between December 2010 and April 2011 rose 11% to $7.7 billion.

--Written by Jeanine Poggi in New York.

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