Second-quarter net income fell 4 percent to $375 million, or 76 cents per share, compared with $391 million, or 80 cents per share, a year earlier.
Revenue fell 4 percent to $4.4 billion, with sales down in each geographical area save Nike's emerging markets.
Nike sales have been under pressure in recent quarters as consumers in the United States and Europe have spent conservatively and mall-based retailers have cut back on orders and carry less inventory.
Orders for goods to be delivered from now until April -- a key gauge known as futures orders -- fell 1 percent on a constant currency basis. A sampling of analysts had forecast a range of flat to down 6 percent.
The company's shares rose 1.7 percent after closing at $63.25, down 1.25 percent, on the New York Stock Exchange.
(Reporting by Alexandria Sage; editing by Andre Grenon)