Nike third-quarter sales beat estimates

Deckers Outdoor Corporation -1.74%
NIKE, Inc. Class B -3.14%
On Holding AG Class A -2.58%

Deckers Outdoor Corporation

DECK

107.86

-1.74%

NIKE, Inc. Class B

NKE

42.62

-3.14%

On Holding AG Class A

ONON

33.55

-2.58%

March 31 (Reuters) - Nike NKE.N beat Wall Street expectations for third-quarter revenue on Tuesday, helped by ongoing turnaround efforts as tighter control on discounting and fresh product launches helped steady demand.

The sportswear retailer's revenue came in at $11.28 billion in the quarter ended February 28, flat to last year. Analysts on average estimated a 0.3% drop to $11.24 billion, according to data compiled by LSEG.


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