June 27 (Reuters) - Nike ( NKE ) missed market

expectations for fourth-quarter revenue on Thursday, as the

sportswear giant lost ground to newer brands.

The company's fourth-quarter net revenue fell to $12.61

billion from $12.83 billion a year earlier. However, analysts

had expected $12.84 billion, per LSEG data.

(Reporting by Juveria Tabassum and Ananya Mariam Rajesh in

Bengaluru)