Nike beats quarterly revenue expectations

Nike posted fiscal third-quarter revenue of $10.1 billion, beating the $9.55 billion expected by analysts.

Earnings per share of 53 cents matched expectations.

“In an extraordinarily dynamic time, Nike’s strong results are testament to our deep consumer connections, compelling product innovation and agile teams around the world. We know it’s in times like these that strong brands get even stronger,” CEO John Donahoe said in a statement. “As we start to see recovery in China, no one is better equipped than Nike to navigate the current climate.”

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