Nike Earnings, Revenue beat In Q3

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Nike Earnings, Revenue beat In Q3
Credit: © Reuters.

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 and are trading at $136.50 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 5.02% from the start of the year.

Nike shares gained 4.98% in after-hours trade the report.

Nike follows other major Consumer Discretionary sector earnings this month

Nike's report follows an earnings beat by Home Depot on Tuesday, February 22, 2022, 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 Thursday, February 24, 2022 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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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