NikeShares of Nike ( NKE) edged up in the extended session after the maker of athletic footwear and apparel delivered a solid beat for its second-quarter results and said futures orders were up 13%. The Beaverton, Ore.-based company said strong demand for its brands with revenue up 18% year-over-year and lower selling, general and administrative expenses for its above-consensus performance. These factors offset a decline in gross margins to 42.7% in the latest quarter from 45.3% last year because of higher product costs. Nike reported earnings of $469 million, or $1 per share, for the three months ended Nov. 30 on revenue of 5.73 billion. That compares to the average estimate of analysts polled by Thomson Reuters for a profit of 97 cents a share in the November-ended period on revenue of $5.63 billion. The stock was last quoted at $94.67, up 1.1%, on late volume of nearly 300,000, according to Nasdaq.com. Nike said its inventories swelled 35% year-over-year to $3.2 billion, and that worldwide futures orders of its products for deliver in the December through April 2012 timeframe stood at $8.9 billion, up 13% from last year.