NEW YORK (TheStreet) -- Shares of Nike were falling 2.4% to $94.75 after-hours Thursday despite the shoe maker beating analysts' estimates for earnings for the fiscal second quarter. Nike reported earnings of 74 cents a share for the second quarter, beating the FactSet consensus estimate of 70 cents a share. Revenue grew 14.8% year over year to $7.38 billion, above analysts' estimates of $7.15 billion. Revenue for the Nike brand grew 17% to $7 billion in the second quarter, with growth in every product type, geography, and key category except golf. Revenue for the Converse brand grew 24% to $434 million for the quarter, driven by growth in existing direct distribution markets and market conversions in Asia and Europe. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates NIKE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: "We rate NIKE INC (NKE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here: NKE Ratings Report NKE data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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