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Nike quarterly revenue beats estimates

Dec 18 (Reuters) - Nike Inc beat estimates for quarterly revenue on Friday, helped by a jump in online demand for sports shoes and apparel as more people engaged in fitness-related activities during the COVID-19 pandemic.

The world’s largest sportswear maker said revenue rose to $11.24 billion in the second quarter ended Nov. 30 from $10.33 billion a year earlier, while analysts on average had expected $10.56 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva)

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