Nike Inc. on Tuesday reported fiscal 2017 third quarter earnings that mostly beat analyst expectations, but Wall Street took a dim view of the report, sending shares down nearly 6%, because it also showed a revenue miss. Q3 revenues rose 5% to $8.432 million, just missing the Zacks Consensus Estimate of $8,446 million.
Net income in the quarter rose 20% to $1.1 billion and diluted earnings were up 24% to 68 cents per share, handily topping the Zacks estimate of 52 cents per share.
