Investing.com - Nike (NYSE:NKE) 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 anticipated EPS of $0.92 on revenue of $12.29B.
Nike shares are down 42% from the beginning of the year, still down 46.71% from its 52 week high of $179.10 set on November 5, 2021.
Nike shares lost 0.22% in after-hours trade following the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings beat by AutoZone on September 19, who reported EPS of $40.51 on revenue of $5.3B, compared to forecasts EPS of $38.51 on revenue of $5.15B.
Lululemon Athletica had beat expectations on September 1 with second quarter EPS of $2.2 on revenue of $1.87B, compared to forecast for EPS of $1.86 on revenue of $1.77B.
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