Nike beat’s Q1 earnings and revenue forecasts

© Reuters. Nike beat earnings per share and revenue forecasts in Q1

Nike (NYSE: ) released its reports for the first quarter, which was higher than expected and revenue that exceeded the estimates of the analysts.

The company posted earnings per share of $0.93 and revenue of $12.7B. analysts had estimated earnings per share of $0.92 and revenue of $12.29B. .

Nike’s share price has fallen by about 42% since the beginning of the year, the price is still about 46.71% lower than its peak in the last 52 weeks which was $179.10 and was set on November 5, 2021.

After the publication of the report, Nike shed 0.22% and is trading at $95.24 in the trading hours after the close.

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