The shoe is called the Air Zoom Maxfly.
It was courtesy of Nike.
Nike stock traded as much as 9% higher Tuesday after the company's fiscal second-quarter earnings and sales beat forecasts.
The company reported adjusted earnings per share of $0.83 which was up from the previous year's adjusted earnings per share of $0.81, and revenue of $11.36 billion, which was up from the previous year's revenue of $11.26 billion.
"NIKE's strong results this quarter provide further proof that our strategy is working, as we execute through a dynamic environment," said CEO John Donahoe. We are in a better position than we were 18 months ago.
The shares were up 6 percent at $166.39 by 11:24 a.m. The time is later. Nike stock is up more than 18% this year.
In the second quarter, revenue in North America grew 12% while sales in Greater China fell due to low inventory levels.
Global supply-chain disruptions and factory closings caused production to fall. In Vietnam, the company canceled production on 130 million units.
Nike still expects growth to be in the low single digits for the third quarter, but company executives expect balance to eventually return to its supply and demand.
The earnings report comes a week after Nike acquired a virtual shoe studio. Nike's launch of "Nikeland," a free 3-D space inside the Roblox gaming platform, will be built upon by the deal.
On a call with analysts late Monday, the company said it will invest to deliver next-generation experiences that involve Nike brands.
Business Insider has an original article.
