Investing.com - Nike reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.9 on revenue of $12.23B. Analysts polled by Investing.com EPS of $0.8072 on revenue of $12.09B.
Nike 's are down 33% and is trading at $112.59 , still down 38.30% from its 52 week high of $179.10 set on Friday, November 5, 2021.
Nike shares gained 1.89% to trade at $112.59 in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings beat by Nio A ADR on Thursday, June 9, 2022, who reported EPS of $-0.79 on revenue of $9.91B, EPS of $-0.9416 on revenue of $9.9B.
Lululemon Athletica had beat expectations on Thursday, June 2, 2022 with first quarter EPS of $1.48 on revenue of $1.61B, for EPS of $1.43 on revenue of $1.55B.
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