Nike earnings, Revenue beat in Q1

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Nike earnings, Revenue beat in Q1
Credit: © Reuters.

Investing.com - Nike (NYSE: NKE ) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Nike announced earnings per share of $0.93 on revenue of $12.7B. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $12.29B.

Nike shares are down 42% from the beginning of the year and are trading at $93.53 , down-from-52-week-high.

Nike shares lost 2.01% in after-hours trade the report.

Nike follows other major Consumer Discretionary sector earnings this month

Nike's report follows an earnings beat by AutoZone on Monday, September 19, 2022, who reported EPS of $40.51 on revenue of $5.3B, compared to forecasts EPS of $38.51 on revenue of $5.15B.

Lululemon Athletica had beat expectations on Thursday, September 1, 2022 with second quarter EPS of $2.2 on revenue of $1.87B, compared to forecast for EPS of $1.86 on revenue of $1.77B.

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

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