Nike (NKE) reported fiscal 2025 second quarter results that topped analyst estimates on both the top and bottom lines, sending shares soaring in after-hours trading. The sports apparel company reported earnings of $0.78 per share, well above the Bloomberg consensus estimate of $0.63. Revenue was $12.35 billion compared to an estimate of $12.13 billion, though it was a year-over-year decline. This was the first quarterly report under new CEO Elliott Hill, who said in the release that Nike is "taking immediate action to reposition our business, so we can get back to driving long-term shareholder value."