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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, still down 12.28% from its 52 week high of $179.10 set on November 5. They are under-performing the S&P 500 which is up 21.6% from the start of the year.
Nike shares gained 0.93% in after-hours trade following the report.
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 November 26 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
