Amer Sports Down 8% After Q1 Results - What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
Amer Sports (NYSE:AS) shares fell 8% after reporting Q1 results. Despite beating earnings and revenue estimates, the stock declined due to concerns over decreased operating margins and a projected Q2 EPS loss.
May 21, 2024 | 4:40 pm
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Amer Sports reported Q1 adjusted EPS of 8 cents, beating the consensus of 3 cents, and revenues of $1.183 billion, surpassing the $1.131 billion estimate. Despite these beats, shares fell 8% due to a decrease in operating margins and a projected Q2 EPS loss.
Despite beating earnings and revenue estimates, the decrease in operating margins and the projected Q2 EPS loss have raised concerns among investors, leading to a short-term negative impact on the stock price.
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