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Nike Earnings Beat, Revenue Misses In Q1 By Investing.com

by Mike Robinson

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© Reuters. Nike Earnings Beat, Revenue Misses In Q1

Investing.com – Nike (NYSE:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Nike reported earnings per share at $1.16 for revenue of $12.25B. Investing.com polled analysts to predict EPS of $1.12 based on $12.46B revenue.

Nike shares rose 12% over the first of the year. However, they are down 8.5% from their 52-week peak of $174.38 on August 6. They are under-performing the S&P Global 100 which is up 14.9% from the start of the year.

Following the report, Nike shares fell 4.06% after hours trade.

Nike follows other major Consumer Cyclical sector earnings this month

Nike’s report follows an earnings beat by AutoZone on Tuesday, who reported EPS of $35.72 on revenue of $4.91B, compared to forecasts EPS of $29.71 on revenue of $4.57B.

Xpeng beat all expectations with a second quarter EPS at $-0.75 for revenue of 3.76B. This compares to EPS forecasts of $-9.067 for revenue of $3.72B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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