Amer Sports down after annual forecasts largely below analysts' expectations

Amer Sports

25/02/2025 14:55

Updates

** Shares of Amer Sports AS.N drop as much as 8.8% to a near two-month low of $26.07 in early trade

** Co forecasts annual revenue growth between 13% and 15%, the midpoint of which falls below analysts' expectations of a 14.9% growth - data compiled by LSEG

** Says revenue forecast assumes drag from unfavorable currency exchange impact

** Annual EPS expectations of between 64 cents and 69 cents also largely below estimates of 68 cents

** Q4 revenue, which rose 23% to $1.64 billion, narrowly beat estimate of $1.60 billion, while adjusted EPS of 17 cents was in line with expectations

** As of last close, AS has risen 120% since its February 2024 IPO

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))