Nike Rakes In $10.1bn In Quarterly Revenue, Beats Wall Street Estimates

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Nike Inc (NKE.N) has beaten Wall Street estimates for quarterly revenue on Tuesday, powered mainly by demands in North America and Europe and despite drop in revenue in China due to the coronavirus shutdown.

Revenue rose 5.1% to $10.10 billion in the third quarter ended Feb. 29, while analysts had expected $9.80 billion, according to Refinitiv IBES data.

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