Nike (NYSE: NKE) reported Q3 EPS of $0.90, $0.15 better than the analyst estimate of $0.75. Revenue for the quarter came in at $10.4 billion versus the consensus estimate of $11.04 billion.

• Third quarter reported revenues were $10.4 billion, up 3 percent compared to prior year and down 1 percent on a currency-neutral basis* led by Greater China reported revenue growth of 51 percent.
• NIKE Direct sales were $4.0 billion, up 20 percent on a reported basis, and up 16 percent on a currency-neutral basis.
• NIKE Brand digital sales increased 59 percent, or 54 percent on a currency-neutral basis, with strong double-digit increases in all geographies.
• North America reported revenue declined 10 percent due to supply chain challenges, including global container shortages and U.S. port congestion, impacting the flow of inventory and timing of wholesale shipments.
• Gross margin increased 130 basis points to 45.6 percent.
• Diluted earnings per share for the quarter was $0.90.

“NIKE continues to deeply connect with consumers all over the world driven by our strong competitive advantages,” said John Donahoe, President & CEO, NIKE, Inc. “Our strategy is working, as we accelerate innovation and create the seamless, premium marketplace of the future. I’ve never been more confident in our leadership and teams to operate with agility in a dynamic environment.”**

For earnings history and earnings-related data on Nike (NKE) click here.