Nike quarterly revenue beats on athletic wear demand

(Reuters) - Nike Inc beat analysts' estimates for quarterly revenue on Monday, benefiting from strong demand for its athletic apparel and sneakers in North America and Europe.

The company posted revenue of $12.23 billion for the fourth quarter. Analysts had expected $12.06 billion, according to IBES data from Refinitiv.

(Reporting by Ananya Mariam Rajesh and Praveen Paramasivam in Bengaluru; Editing by Shounak Dasgupta)