Nike quarterly revenue beats Wall Street estimates

(Reuters) - Nike Inc beat quarterly revenue estimates on Thursday, benefiting from strong online sales in North America and China. Revenue for the world's largest sportswear maker rose to $9.37 billion from $8.55 billion, beating the analysts' average estimate of $9.18 billion, according to IBES data from Refinitiv.

Reuters December 21, 2018 04:05:14 IST
Nike quarterly revenue beats Wall Street estimates

Nike quarterly revenue beats Wall Street estimates

(Reuters) - Nike Inc beat quarterly revenue estimates on Thursday, benefiting from strong online sales in North America and China.

Revenue for the world's largest sportswear maker rose to $9.37 billion from $8.55 billion, beating the analysts' average estimate of $9.18 billion, according to IBES data from Refinitiv.

The maker of Jordan sneakers said net income rose to $847 million, or 52 cents per share, in the second quarter ended Nov. 30, from $767 million, or 46 cents per share, a year earlier.

(Reporting by Nivedita Balu and Uday Sampath in Bengaluru; Editing by Arun Koyyur)

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