Investing.com - Nike (NYSE:NKE) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.52 on revenue of $9.37B. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $9.17B. That compared to EPS of $0.46 on revenue of $8.55B in the same period a year earlier. The company had reported EPS of $0.67 on revenue of $9.95B in the previous quarter.
For the year, Nike shares are up 7.96%, outperforming the S&P Global (NYSE:SPGI) 100 which is down 9.22% year to date.
Nike follows other major Consumer Cyclical sector earnings this month
On December 4, AutoZone reported first quarter EPS of $13.47 on revenue of $2.64B, compared to forecasts of EPS of $12.22 on revenue of $2.63B.
PVH earnings beat analyst's expectations on November 30, with third quarter EPS of $3.21 on revenue of $2.52B. Investing.com analysts expected EPS of $3.14 on revenue of $2.53B
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