Investing.com - Nike reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.83 on revenue of $11.36B. Analysts polled by Investing.com EPS of $0.6308 on revenue of $11.25B.
Nike 's are up 11% and is trading at $158.56 , still down 12.28% from its 52 week high of $179.10 set on Friday, November 5, 2021.
Nike shares gained 0.93% to trade at $158.56 in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings missed by Rivian Automotive on Thursday, who reported EPS of $-7.68 on revenue of $1M, EPS of $-1.33 on revenue of $926.41K.
Pinduoduo had beat expectations on Friday, November 26, 2021 with third quarter EPS of $0.29 on revenue of $21.51B, for EPS of $-0.4634 on revenue of $25.83B.
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