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Nike beats quarterly revenue estimates as discounts draw demand
Mar 21, 2024 1:45 PM

March 21 (Reuters) - Nike ( NKE ) beat Wall Street

estimates for quarterly revenue on Thursday, as deep discounts

on its athletic apparel and sneakers during the holiday season

helped it reel in shoppers.

The world's largest sportswear maker said revenue rose to

$12.43 billion for the third quarter from $12.39 billion a year

earlier. Analysts had expected $12.28 billion, according to LSEG

data.

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