NIKE Inc. (NYSE:NKE) reported Q3 2011 earnings results Thursday after the closing bell, posting an EPS of .08, which was below the Street’s expectation for .12 per share in earnings. Despite the underperformance, EPS was still up 7% year-over-year. Revenue for the quarter came in at .1 billion, representing a 7% increase over 2010 levels. Revenues for the NIKE Brand were 8%. NIKE athletic footwear and apparel orders scheduled at the end of the quarter for delivery between March and July 2011 totaled .9 billion, up 11% from the same period last year. Mark Parker, President and CEO of NIKE, Inc., said, “Our solid third-quarter results demonstrate the power of the NIKE, Inc. portfolio. Our unique ability to create deep connections with consumers, led by an impressive pipeline of innovative product and exciting retail experiences, continues to strengthen our brands and accelerate growth. Moving forward, we’ll continue to leverage our scale, financial resources, and operational discipline to drive near and long-term value to shareholders.”

Nike designs and sells shoes for a variety of sports, including baseball, cheerleading, golf, volleyball, hiking, tennis, and football. NIKE also sells Cole Haan dress and casual shoes, as well as athletic apparel and equipment. In addition, NIKE operates NIKETOWN shoe and sportswear stores, NIKE factory outlets, NIKE Women shops and sells its shoes and apparel online. Overall, it sells its sportswear in some 675 NIKE-owned retail stores in the US and abroad. Nike acquired soccer star Umbro in 2008.