News Snapshot:
Nike Smashes Revenue, Profit Estimates On China Demand, Online Boom September Nike Inc comfortably beat analysts’ estimates for quarterly revenue and profit on Tuesday, powered by a Posted On: September Nike Inc comfortably beat analysts’ estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9%. The footwear maker has benefited from its focus on direct-to-consumer sales, especially through its own outlets and apps, as the pandemic has forced customers to avoid shopping at malls and department stores. The Nike brand’s digital sales surged 82%...
