Nike shares rise 6% after earnings, revenue beat

Nike reported quarterly earnings and revenue on Thursday that beat analysts' expectations.

Shares of the company rose 5 percent.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: 52 cents, adjusted, vs. 46 cents expected
• Revenue: $9.37 billion vs. $9.18 billion expected

Net sales increased by 10 percent to $9.37 billion, topping expectations of $9.18 billion.

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