Nike announced earnings per share of $0.78 on revenue of $11.24B. Analysts polled by Investing.com anticipated EPS of $0.6185 on revenue of $10.55B.
Nike shares are up 37% from the beginning of the year and are trading at $142.03 , down-from-52-week-high.They are outperforming the S&P 500 which is up 15% year to date.
Nike shares gained 1.95% in after-hours trade the report.
Nike follows other major Consumer Cyclical sector earnings this month
Nike’s report follows an earnings beat by AutoZone on Tuesday, December 8, 2020, who reported EPS of $18.61 on revenue of $3.15B, compared to forecasts EPS of $17.7 on revenue of $3.14B.
Donaldson had beat expectations on Thursday, December 3, 2020 with first quarter EPS of $0.48 on revenue of $636.6M, compared to forecast for EPS of $0.445 on revenue of $615.01M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar