Nike up after co posts smaller drop in quarterly revenue

ReutersMar 20, 2025 8:23 PM

Shares of sportswear giant Nike NKE.N up ~3% at $73.85 in extended trading

Co posts smaller-than-expected drop in quarterly revenue owing to benefits from a holiday season and an uptick in demand

Co's Q3 revenue fell 9% to $11.27 billion, vs analysts' estimates of a 11.5% drop to $11.01 billion, as per data compiled by LSEG

Logs quarterly profit of 54 cents per share vs analysts' estimates of 29 cents per share

NKE fell about 30% in 2024

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