Investing.com - Nike (NYSE:NKE) 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 anticipated EPS of $0.7158 on revenue of $10.63B.
Nike shares are down 21% from the beginning of the year, still down 27.40% from its 52 week high of $179.10 set on November 5, 2021. They are under-performing the S&P Global 100 which is down 5.02% from the start of the year.
Nike shares gained 5.81% 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 Home Depot on February 22, who reported EPS of $3.21 on revenue of $35.72B, compared to forecasts EPS of $3.18 on revenue of $34.88B.
Alibaba ADR had beat expectations on February 24 with third quarter EPS of $16.87 on revenue of $242.58B, compared to forecast for EPS of $15.93 on revenue of $246.3B.
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