Jim Cramer: Buy Nike After Earnings

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Nike's  (NKE) - Get Report fiscal third-quarter sales missed Wall Street estimates.

The company reported quarterly sales of $10.36 billion, below analysts’ projections of about $11.02 billion.

Nike said revenue was hurt by disruptions related to the COVID-19 pandemic. North America was impacted with revenue declining 11%, which was driven by global container shortages and U.S. port congestion.

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