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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’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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
