Shares of the athletic apparel, footwear and accessories retailer, Nike, Inc. (NKE- Analyst Report), slipped 2.9% in yesterday's after-hours trading session after the company posted second-quarter fiscal 2015 results. Various analysts blamed soft future orders for the fall in share price.

Nike's global future orders, slated for delivery from Dec 2014 through Apr 2015, grew 7% year over year, at the quarter-end, owing to weak global currencies. On a currency neutral basis, future orders increased 11%, lower than analyst expectations. This, in turn, indicates sluggish demand for the third quarter that led the company to tweak its guidance.

Nike now envisions gross margin for the full year to expand in a range of 100–125 basis points (bps), down from its previous guidance of 125 bps. For the third quarter, the company projects gross margin to increase by 100 bps.

Coming to the earnings, the company's second-quarter fiscal 2015 earnings of 74 cents per share soared 25% year over year and surpassed the Zacks Consensus Estimate of 70 cents.

Nike, Inc. – Quarterly EPS (BNRI) | FindTheBest