Nike misses quarterly revenue estimates - NewsBreak
By Bryan in Business
Updated 3 years ago
Sept 23 (Reuters) - Nike Inc missed estimates for quarterly revenue on Thursday, signaling demand for its sports shoes and apparel was slowing. The company said revenue rose to $12.25 billion from $10.59 billion in the first quarter ended Aug. 31, while analysts on average had expected $12.46 billion, according to IBES data from Refinitiv.