Nike Beats Revenue Estimates on North America Demand

Nike Beats Revenue Estimates on North America Demand
The Nike swoosh logo outside a store on 5th Avenue in New York on March 19, 2019. Carlo Allegri/Reuters
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Nike Inc beat estimates for quarterly revenue on Monday, lifted by strong demand for its sports shoes and apparel in North America even as shipping hurdles and factory closures pinched supplies.

The company’s shares rose nearly 3 percent in extended trading.