© Reuters. Nike Earnings, Revenue Beat in Q4Investing.com – Nike (NYSE:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.93 on revenue of $12.34B. Analysts polled by Investing.com anticipated EPS of $0.5099 on revenue of $11.11B.
Nike shares are down 5% from the beginning of the year, still down 9.70% from its 52 week high of $147.95 set on December 21, 2020. They are under-performing the S&P 500 which is up 13.59% from the start of the year.
Nike shares gained 3.09% in after-hours trade following the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike’s report follows an earnings beat by Pinduoduo on May 26, who reported EPS of $-2.33 on revenue of $22.17B, compared to forecasts EPS of $-2.46 on revenue of $19.82B.
Dollar General had beat expectations on May 27 with first quarter EPS of $2.82 on revenue of $8.4B, compared to forecast for EPS of $2.19 on revenue of $8.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.