04:24 PM EDT, 10/01/2024 (MT Newswires) -- Nike ( NKE ) reported fiscal Q1 earnings late Tuesday of $0.70 per diluted share, down from $0.94 a year earlier.

Analysts polled by Capital IQ expected $0.52.

Revenue in the quarter ended Aug. 31 fell to $11.59 billion from $12.94 billion a year earlier.

Analysts surveyed by Capital IQ expected $11.65 billion.

Nike ( NKE ) shares were down almost 2% in after-hours activity.

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