Adidas slips after modest guidance hike misses expectations
BUZZ-Adidas slips after modest guidance hike misses expectations ** Shares in German sportswear maker Adidas ADSGn.DE drop 9% in early Frankfurt trade after its guidance upgrade fell short of investor expectations, a local trader says
** The guidance hike was limited and not enough to meet market expectations, a local trader adds
** The company now expects full-year revenue growth of 9% to 10%
** Shares in its peer Puma PUMG.DE are down 3% in early Frankfurt trade
(Reporting by Anastasiia Kozlova and Anika Ross)
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