Investing.com - Nike (NYSE:NKE) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.86 on revenue of $10.66B. Analysts polled by Investing.com expected EPS of $0.7 on revenue of $10.43B. That compared to EPS of $0.67 on revenue of $9.95B in the same period a year earlier. The company had reported EPS of $0.62 on revenue of $10.18B in the previous quarter.
Nike shares gained 3.21% to trade at $90.11 in after-hours trade following the report.
For the year, Nike shares are up 17.76%, under-performing the S&P 500 which is up 19.85% year to date.
Nike follows other major Consumer Cyclical sector earnings this month
On Tuesday, AutoZone reported fourth quarter EPS of $22.59 on revenue of $3.75B, compared to forecasts of EPS of $21.78 on revenue of $3.93B.
Donaldson earnings beat analyst's expectations on Thursday, September 5, 2019, with fourth quarter EPS of $0.61 on revenue of $726.9M. Investing.com analysts expected EPS of $0.6 on revenue of $725.32M
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