Investing.com - Nike (NYSE:NKE) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.93 on revenue of $12.34B. Analysts polled by Investing.com anticipated EPS of $0.5099 on revenue of $11.11B.
Nike shares are down 5% from the beginning of the year and are trading at $137.73 , down-from-52-week-high.They are under-performing the S&P 500 which is up 13.59% from the start of the year.
Nike shares gained 3.09% in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings beat by Pinduoduo on Wednesday, May 26, 2021, who reported EPS of $-2.33 on revenue of $22.17B, compared to forecasts EPS of $-2.46 on revenue of $19.82B.
Dollar General had beat expectations on Thursday, May 27, 2021 with first quarter EPS of $2.82 on revenue of $8.4B, compared to forecast for EPS of $2.19 on revenue of $8.27B.
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