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Nike's revenue beats as North America, Europe offset China sales drop

FILE PHOTO: The Nike swoosh logo is pictured on a store in New York City
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(Reuters) - Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fuelled shutdowns. The company's shares, a member of the blue-chip Dow Jones Industrial Average , rose about 7% after the closing bell.Nike said sales in Greater China, its..
Date Published: Mar 24, 2020
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