Investing.com - Nike reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.93 on revenue of $12.7B. Analysts polled by Investing.com EPS of $0.92 on revenue of $12.29B.
Nike 's are down 42% and is trading at $95.24 , still down 46.71% from its 52 week high of $179.10 set on Friday, November 5, 2021.
Nike shares lost 0.22% to trade at $95.24 in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings beat by AutoZone on Monday, September 19, 2022, who reported EPS of $40.51 on revenue of $5.3B, EPS of $38.51 on revenue of $5.15B.
Lululemon Athletica had beat expectations on Thursday, September 1, 2022 with second quarter EPS of $2.2 on revenue of $1.87B, for EPS of $1.86 on revenue of $1.77B.
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