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Nike beats revenue estimates on China demand, online boost

Sept 22 (Reuters) - Nike Inc beat analysts’ estimates for quarterly revenue on Tuesday, powered by a rebound in demand for its sneakers and apparel in China, as well as strong online sales.

The world’s largest sportswear maker said revenue fell 0.6% to $10.6 billion in the first quarter ended Aug.31, while analysts on average had expected $9.15 billion, according to IBES data from Refinitiv. (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

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