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

(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 fastest-growing region, fell 4% in the third quarter ended Feb. 29 as it was forced to shut about 75% of..