Investing.com - Nike reported on Thursday first quarter earnings 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 EPS of $1.12 on revenue of $12.46B.
Nike 's are up 12% and is trading at $153.00 , still down 8.55% from its 52 week high of $174.38 set on Friday, August 6, 2021.
Nike shares lost 4.06% to trade at $153.00 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, EPS of $29.71 on revenue of $4.57B.
Xpeng had beat expectations on Thursday, August 26, 2021 with second quarter EPS of $-0.75 on revenue of $3.76B, for EPS of $-0.9067 on revenue of $3.72B.
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