© Reuters. Nike Earnings, Revenue Beat in Q2
Investing.com – Nike (NYSE:) reported on Friday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.78 on revenue of $11.24B. Analysts polled by Investing.com anticipated EPS of $0.6185 on revenue of $10.55B.
Nike shares are up 37% from the beginning of the year, still down 1.28% from its 52 week high of $141.12 set on December 18. They are outperforming the Dow Jones which is up 5.75% from the start of the year.
Nike shares lost 0.17% in after-hours trade following the report.
Nike follows other major Consumer Cyclical sector earnings this month
Nike’s report follows an earnings beat by AutoZone on December 8, who reported EPS of $18.61 on revenue of $3.15B, compared to forecasts EPS of $17.7 on revenue of $3.14B.
Donaldson had beat expectations on December 3 with first quarter EPS of $0.48 on revenue of $636.6M, compared to forecast for EPS of $0.445 on revenue of $615.01M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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