Investing.com - Academy Sports reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Academy Sports announced earnings per share of $2.3 on revenue of $1.69B. Analysts polled by Investing.com anticipated EPS of $2.07 on revenue of $1.71B.
Academy Sports shares are down 4% from the beginning of the year, still down 17.91% from its 52 week high of $51.08 set on November 22, 2021. They are outperforming the Nasdaq which is down 26.21% from the start of the year.
Academy Sports shares gained 6.30% in pre-market trade following the report.
Academy Sports follows other major Consumer Discretionary sector earnings this month
Academy Sports's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar