REUTERS/Lucy Nicholson Nike reported first-quarter earnings results after the market closed Thursday, and they were incredible.

The daily chart shows that Nike had a close of $115.43 on Wednesday, up 20.1% year to date and only 1.9% below its all-time intraday high of $117.72 set on August 5. This was higher than $0.96 billion, or $1.09 per share, in last year’s first quarter.

As of the end of the quarter, worldwide futures orders for Nike Brand athletic footwear and apparel scheduled for delivery from September 2015 through January 2016 were 9 percent higher than previous year. Nike said that the 26% increase in diluted EPS reflects strong revenue growth and gross margin expansion, selling and administrative expense leverage, a lower tax rate, and a decrease in the weighted average diluted shares outstanding.

Quarterly net income rose 23% year-over-year to $1.2 billion. The company repurchased 5.5 million shares for approximately $588 million in the first fiscal quarter.

“Fiscal 2016 is off to a great start”, said Mark Parker, Nike’s president and CEO, in a release. “We’re well-positioned to continue to deliver long-term growth that is both sustainable and profitable”.

Analysts had expected the company to earn $1.19 per share, according figures compiled by Thomson Reuters.

Nike shares surged 7.02 percent to $122.90 in the after-hours trading session.