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Investing.com - Nike (NYSE:NKE) reported first quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.67 on revenue of $9.95B. Analysts polled by Investing.com forecast EPS of $0.62 on revenue of $9.94B. That compared to EPS of $0.57 on revenue of $9.07B in the same period a year earlier The company had reported EPS of $0.69 on revenue of $9.79B in the previous quarter.
Nike shares gained 0.62% to trade at $81.76 in after-hours trade following the report.
For the year, Nike shares are up 34.91%, outperforming the Dow 30 which is up 6.78% year to date.
Nike follows other major Consumer Cyclical sector earnings this month
On September 18, AutoZone (NYSE:AZO) reported fourth quarter EPS of $18.54 on revenue of $3.56B, compared to forecasts of EPS of $17.97 on revenue of $3.6B.
PVH earnings beat analyst's expectations on August 29, with second quarter EPS of $2.18 on revenue of $2.33B. Investing.com analysts expected EPS of $2.09 on revenue of $2.29B
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