The company reported earnings of 62 cents a share, missing analyst expectations of 66 cents a share.
The company also reported a 4% increase in revenue to $10.2 billion ahead of analysts' $10.16 billion expectations.
Stephen "Sarge" Guilfoyle, a Real Money contributor has some advice for investors keeping a close eye on Nike.
"I want a bull call spread in Nike, which means I kinda like about enough putting down the equity, that, if you don't like my trades for G-20 that's another one you can add that is a Chinese exposure trade, but, but they're also a little bit Vietnam exposed, which is also becoming a little bit of a problem maybe for the administration. So we have to see there," said Guilfoyle. "But, I think Nike has potential here to maybe come out with some nice numbers. If you get the nice numbers tonight and your long the name, don't wait for G-20 then you take your money off the table. That's my advice. Those are not rules you have to live by it."