(Reuters) - Nike Inc's
For more than a year, Nike has been speeding up the pace of new product launches and expanding partnerships with online retailers in a bid to increase customer engagement.
Quarterly sales rose 8.5 percent to $3.78 billion in North America, its third straight rise, while sales in Greater China rose 26.4 percent to $1.54 billion.
Total revenue rose 9.6 percent to $9.37 billion.
The maker of Jordan sneakers said net income rose to $847 million, or 52 cents per share, in the second quarter ended Nov. 30, from $767 million, or 46 cents per share, a year earlier.
Analysts on average expected Nike to earn 46 cents per share on revenue of $9.18 billion, according to IBES data from Refinitiv.
Nike shares, which have lost about 18 percent in the last three months, jumped to $73 after the bell.
(Reporting by Nivedita Balu and Uday Sampath in Bengaluru; Editing by Arun Koyyur)
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Updated Date: Dec 21, 2018 04:05:38 IST