Nike's quarterly revenue misses estimates
Rivals Adidas, Under Armour gain ground after revamping brands
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Bengaluru
NIKE Inc reported lower-than-expected quarterly revenue on Tuesday as the world's largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.
Shares of the Dow component were down 3.6 per cent at US$55.91 in post-market trading on Tuesday, after the company also forecast a key metric on orders below analysts' expectations.
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