Amer Sports down after annual forecasts largely miss expectations

Amer Sports

25/02/2025 11:29

** Shares of Amer Sports  AS.N  fall ~3% to $27.60 premarket
    ** 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 estimate 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;))