Finance

Nike Earnings beat, Revenue misses In Q1



© Reuters. Nike Earnings beat, Revenue misses In Q1

Investing.com – Nike (NYSE:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Nike announced earnings per share of $1.16 on revenue of $12.25B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $12.46B.

Nike shares are up 12% from the beginning of the year and are trading at $153.00 , down-from-52-week-high.They are under-performing the S&P Global 100 which is up 14.9% from the start of the year.

Nike shares lost 4.06% in after-hours trade the report.

Nike follows other major Consumer Cyclical sector earnings this month

Nike’s report follows an earnings beat by AutoZone on Tuesday, who reported EPS of $35.72 on revenue of $4.91B, compared to forecasts EPS of $29.71 on revenue of $4.57B.

Xpeng had beat expectations on August 26 with second quarter EPS of $-0.75 on revenue of $3.76B, compared to forecast for EPS of $-0.9067 on revenue of $3.72B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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