Nike Inc.'s 1Q Performance at a Glance

Sports apparel company Nike Inc. reported results for its fiscal first quarter on Tuesday.

HOW THEY DID: The Beaverton, Ore.-based company earned $513 million, or $1.04 per share, for the quarter that ended Aug. 31. That's up slightly from year-ago profit of $510.5 million, or $1.03 per share.

Revenue fell 12 percent to $4.8 billion from $5.4 billion a year earlier, due in part to the negative impact of the stronger dollar.

WALL STREET EXPECTATIONS: Analysts polled by Thomson Reuters expected, on average, the company to earn 97 cents per share for the quarter on slightly higher revenue of $4.9 billion.

WHAT'S NEXT: Nike's future orders, or products scheduled for delivery in September through January, are down 6 percent compared with last year as retailers prepare for a challenging holiday season.

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