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Investing.com - Nike reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nike announced earnings per share of $0.9 on revenue of $10.36B. Analysts polled by Investing.com EPS of $0.7588 on revenue of $11.03B.
Nike 's are up 1% and is trading at $137.71 , still down 3.18% from its 52 week high of $147.90 set on Monday, December 21, 2020.
Nike shares lost 3.83% to trade at $137.71 in after-hours trade the report.
Nike follows other major Consumer Cyclical sector earnings this month
Nike's report follows an earnings beat by Volkswagen 10 Pref ADR on Tuesday, who reported EPS of $1.65 on revenue of $80.17B, EPS of $1.37 on revenue of $80.66B.
Nio A ADR had missed expectations on Monday, March 1, 2021 with first quarter EPS of $-1.05 on revenue of $6.64B, for EPS of $-0.3883 on revenue of $6.62B.
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