pedestrians walk past the american multinational sport clothing brand nike store and its logo seen in hong kong nike shares dropped in extended trading thursday after the sneaker giant reported quarterly revenue that missed analysts expectations due to softening demand in north america its stock was recently down around 3 heres how nike did during its fiscal first quarter compared with what wall street was expecting based on a survey of analysts by refinitiv net income for the threemonth period ended aug 31 grew to 187 billion or 116 per share compared with 152 billion or 95 cents per share a year earlier that topped analysts expectations for 111 a share sales climbed to 1225 billion from 1059 billion a year earlier that was short of expectations for 1246 billion nike shares are up about 13 year to date as of thursdays market close but down about 9 from an alltime high reached in early august the company has a market cap of 2526 billion this story is developing please check back for updates find the full press release from nike here