Nike Beats Earnings but Misses Revenue Estimates Amid Port Congestion Delays and Store Closures

March 18, 2021

For the three months ended Feb. 28, the sportswear giant logged earnings that rose 71% to $1.4 billion, or 90 cents per share, trouncing the 76 cents per share analysts predicted. Revenues, on the other hand, increased 3% to $10.4 billion but fell sizably short of analysts’ forecasts of $11.02 billion. Footwear News