BUZZ-Amer Sports jumps on FY 2025 revenue, profit forecast raise

Reuters
05-20
BUZZ-Amer Sports jumps on FY 2025 revenue, profit forecast raise

** Shares of sportswear group Amer Sports AS.N jump 12% to $35.25 premarket

** Co expects FY 2025 adj. EPS of 67 cents to 72 cents and revenue growth of between 15% and 17% vs prior expectations of 64 cents to 69 cents in EPS and 13%-15% revenue growth

** AS posts Q1 revenue of $1.47 bln, adj. EPS of 27 cents, beating Wall Street estimates - LSEG data

** Strong performance in the quarter was led by outdoor equipment segment Arc'teryx and Salomon footwear

** 13 out of 16 analysts rate stock "buy" or higher, three "hold"; Median PT is $32

** As of last close, AS was up 12.3% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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