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 February 22, 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 February 24 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.
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