Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China


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Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the company overcame a Covid lockdown in China and tougher climate for consumers in the U.S. Shares rose fell about 2% in aftermarket trading. The sneaker giant expects first-quarter revenue to be flat to slightly up versus the prior year, as Nike continues to manage disruption in Greater China. It said it anticipates revenue for the full year will grow by low...