Amer Sports Raises Revenue Outlook After 32% Quarterly Sales Growth
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Amer Sports reported a 32% increase in quarterly sales, reaching $1.945 billion, and raised its full-year revenue outlook to 20%-22%. Adjusted earnings rose 41% to $0.38 per share, exceeding estimates. Despite strong growth across various segments, stock reaction was modest with a 3% premarket rise, as investors consider margin pressures in Ball & Racquet Sports. Adjusted gross margin improved to 60.0%, while operating margin rose to 17.4%. The company anticipates profit of $0.08 to $0.10 per share for the current quarter.
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