BUZZ-Nike up after co posts smaller drop in quarterly revenue

Reuters

03-21

BUZZ-Nike up after co posts smaller drop in quarterly revenue

** Shares of sportswear giant Nike NKE.N up ~3% at $73.85 in extended trading

** Co posts smaller-than-expected drop in quarterly revenue owing to benefits from a holiday season and an uptick in demand

** Co's Q3 revenue fell 9% to $11.27 billion, vs analysts' estimates of a 11.5% drop to $11.01 billion, as per data compiled by LSEG

** Logs quarterly profit of 54 cents per share vs analysts' estimates of 29 cents per share

** NKE fell about 30% in 2024

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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