Investing.com - Nike (NYSE:NKE) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nike announced earnings per share of $0.83 on revenue of $11.36B. Analysts polled by Investing.com anticipated EPS of $0.6308 on revenue of $11.25B.
Nike shares are up 11% from the beginning of the year and are trading at $158.56 , down-from-52-week-high.They are under-performing the S&P 500 which is up 21.6% year to date.
Nike shares gained 0.93% in after-hours trade the report.
Nike follows other major Consumer Discretionary sector earnings this month
Nike's report follows an earnings missed by Rivian Automotive on Thursday, who reported EPS of $-7.68 on revenue of $1M, compared to forecasts EPS of $-1.33 on revenue of $926.41K.
Pinduoduo had beat expectations on Friday, November 26, 2021 with third quarter EPS of $0.29 on revenue of $21.51B, compared to forecast for EPS of $-0.4634 on revenue of $25.83B.
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