Investing.com - Nike reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.87 on revenue of $10.87B. Analysts polled by Investing.com EPS of $0.7158 on revenue of $10.63B.
Nike 's are down 21% and is trading at $137.59 , still down 27.40% from its 52 week high of $179.10 set on Friday, November 5, 2021.
Nike shares gained 5.81% to trade at $137.59 in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings beat by Home Depot on Tuesday, February 22, 2022, who reported EPS of $3.21 on revenue of $35.72B, EPS of $3.18 on revenue of $34.88B.
Alibaba ADR had beat expectations on Thursday, February 24, 2022 with third quarter EPS of $16.87 on revenue of $242.58B, for EPS of $15.93 on revenue of $246.3B.
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