June 26 (Reuters) - Nike ( NKE ) reported a

smaller-than-expected drop in quarterly revenue on Thursday,

helped by demand for its newer products as well as discounts on

its legacy sneaker lines.

The company's fourth-quarter revenue fell 12% to $11.10

billion, compared with analysts' expectation of a 14.9% drop to

$10.72 billion, according to data compiled by LSEG.

(Reporting by Juveria Tabassum in Bengaluru; Editing by

Shinjini Ganguli)