Amer Sports shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued Q1 and FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Amer Sports' shares declined following the announcement of disappointing Q4 adjusted EPS results and the issuance of Q1 and FY24 EPS guidance that fell below analysts' expectations.
March 05, 2024 | 1:59 pm
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Amer Sports' shares dropped due to poor Q4 adjusted EPS results and lower than expected Q1 and FY24 EPS guidance.
The decline in Amer Sports' shares is directly attributed to the company's announcement of lower than expected earnings for Q4 and its issuance of guidance for Q1 and FY24 that did not meet analysts' expectations. This news is likely to negatively impact investor sentiment in the short term, as earnings performance and future guidance are critical factors in assessing a company's financial health and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100