Investing.com - Nike (NYSE:NKE) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nike announced earnings per share of $-0.51 on revenue of $6.31B. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $7.45B.
Nike shares are down 0% from the beginning of the year , still down 4.07% from its 52 week high of $105.62 set on January 22. They are outperforming the Dow Jones which is down 9.79% year to date.
Nike shares lost 3.18% in after-hours trade following the report.
Nike follows other major Consumer Cyclical sector earnings this month
Nike's report follows an earnings beat by Ferrari NV on June 5, who reported EPS of $1.02 on revenue of $1.05B, compared to forecasts EPS of $0.97 on revenue of $1.01B.
Continental AG PK had beat expectations on June 1 with second quarter EPS of $0.16 on revenue of $10.5B, compared to forecast for EPS of $0.06 on revenue of $10.56B.
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