Amer Sports Earlier Reported Q4 2023 Adj EPS $(0.110) Misses $0.010 Estimate, Sales $1.315B Beat $1.302B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amer Sports reported a Q4 2023 adjusted EPS of $(0.110), missing the $0.010 estimate by 1200%, but its sales of $1.315B exceeded the $1.302B estimate by 1%.
March 05, 2024 | 1:55 pm
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NEGATIVE IMPACT
Amer Sports reported a significant miss on its Q4 2023 EPS estimates but slightly exceeded sales expectations.
The significant miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, overshadowing the slight beat on sales. EPS is a critical measure of profitability and missing estimates by such a large margin can lead to decreased confidence in the company's financial health and future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100