05:17 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Nike ( NKE ) reported fiscal Q3 earnings late Thursday of $0.77 per diluted share, down from $0.79 a year earlier.

Analysts polled by Capital IQ forecast $0.71.

Revenue for the quarter ended Feb. 29 was $12.43 billion, up from $12.39 billion a year earlier.

Analysts surveyed by Capital IQ projected $12.30 billion.

Shares of Nike ( NKE ) slumped 6.6% in premarket activity Friday.

Price: 94.20, Change: -6.62, Percent Change: -6.57