Nike posts earnings of 74 cents a share on revenue of $7.38B

Analysts expected Nike to report earnings per share of 70 cents on revenue of $7.15 billion, according to a consensus estimate from Thomson Reuters. The sportswear giant's offshore growth has accelerated, with 20 percent revenue growth reported in China for the first fiscal quarter and 25 percent growth in Western Europe. -CNBC's Hailey Lee contributed to...