Nike has seen its share price fall by 7% in after-hours trading after its sales forecast fell below market expectations.

The sportswear brand forecast single-digit growth in its sales and low-teen growth for its profits for the current financial year.

Analysts had expected the world's biggest sportswear manufacturer to forecast growth of 10% and 15%, respectively.

In the three months to March, Nike reported a profit of $950 million (£668m), with revenue rising 8% to $8bn. It said international sales struggled as a result of the strength of the US dollar. But sales in China continued to go strongly, with revenues jumping 23% during the three month period.