Amer Sports Q2 Beat Estimates, Thanks To Growing Demand For Outdoor Gear
Portfolio Pulse from Lekha Gupta
Amer Sports, Inc. (NYSE:AS) reported strong Q2 results, with revenue and EPS exceeding expectations. The company saw significant growth in its Technical Apparel segment and improved margins. Amer Sports raised its full-year guidance, leading to a 12.2% increase in its stock price.
August 20, 2024 | 3:32 pm
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Amer Sports reported better-than-expected Q2 results, with revenue up 16% and adjusted EPS beating estimates. The company raised its full-year guidance, leading to a 12.2% increase in its stock price.
Amer Sports' strong Q2 performance, with revenue and EPS exceeding expectations, indicates robust demand for its products. The raised guidance for FY24 suggests continued growth, positively impacting investor sentiment and driving the stock price up by 12.2%.
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