Dec 19 (Reuters) - Nike Inc NKE.N on Thursday reported quarterly income that beat Wall Avenue expec
Dec 19 (Reuters) – Nike Inc NKE.N on Thursday reported quarterly income that beat Wall Avenue expectations, because the world’s largest footwear maker benefited from its push to promote merchandise by its app and shops.
Web revenue rose to $1.12 billion, or 70 cents per share, within the second quarter ended Nov. 30, from $847 million, or 52 cents per share, a yr earlier.
The corporate’s income rose 10.2% to $10.33 billion. Analysts on common had anticipated $10.09 billion, in keeping with IBES knowledge from Refinitiv.
Nonetheless, income from North America, its greatest market, elevated 5.3% to $3.98 billion, barely decrease than the typical analyst estimate of $four billion.
(Reporting by Nivedita Balu in Bengaluru; Enhancing by Maju Samuel)
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