Investing.com - Nike (NYSE:NKE) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.95 on revenue of $10.59B. Analysts polled by Investing.com anticipated EPS of $0.44 on revenue of $8.89B.
Nike shares are up 15% from the beginning of the year and are trading at $125.29 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.63% from the start of the year.
Nike shares gained 7.10% 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, who reported EPS of $30.93 on revenue of $4.55B, compared to forecasts EPS of $24.38 on revenue of $4.15B.
Peloton Interactive had beat expectations on Thursday, September 10, 2020 with first quarter EPS of $0.27 on revenue of $607.1M, compared to forecast for EPS of $0.1 on revenue of $586.19M.
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