Nike topped analysts' estimates with its fiscal second-quarter results, its first since new CEO Elliott Hill took over in October.

Nike beat on the top and bottom lines in its second quarter (which ended November 30), though revenue and profit were down year-over-year (y-o-y). Sales fell to $12.35 billion, down about 8% y-o-y.

The company experienced a 10% year-over-year revenue decline to $11.6 billion in the fiscal first quarter, driven by a 20% drop in Nike brand digital sales and a 13% decline in Nike Direct revenue.