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Nike misses quarterly revenue estimates

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Sept 23 (Reuters) - Nike Inc missed estimates for quarterly revenue on Thursday, signaling demand for its sports shoes and apparel was slowing.

The company said revenue rose to $12.25 billion from $10.59 billion in the first quarter ended Aug. 31, while analysts on average had expected $12.46 billion, according to IBES data from Refinitiv.

(Reporting by Uday Sampath in Bengaluru; Editing by Anil D'Silva)